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Federal vs State Sec 179 depr
I've entered my new assets into Turbotax. I would like to use the sec 179 deduction for all eligible assets. I've claimed my state maximum depr, but when I enter the state amount for additional assets ($0), I still get an error message that I've exceeded the state maximum. This is going to cost a significant amount in Federal taxes if I can't get this figured out. I've deleted all assets and reentered them with the same result. I am positive I am only claiming the maximum allowed by my state.
Any suggestions?
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March 1, 2021
10:08 AM