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Section 179 deduction is not lowering net profit, what is wrong?
Hello. I'm using the 2017 small business/self-employed desktop version of Turbotax.
I added two computers in the Business Assets section and elected to use the full Section 179 deduction. However, the amount of "assets being depreciated" in the Business dashboard/tab is $0, and the Section 179 deduction doesn't seem to be lowering net profit.
One odd thing I noticed is that a green bar appears for the year 2015 in the graph that appears at the bottom of the page when selecting to use the full Section 179 expense, though I would think that bar should appear for the year 2017.
Does anyone have a sense of what's going wrong here? Thanks for your help.
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‎June 1, 2019
12:43 PM