Mike92ct
Returning Member

179 from a purchase previous year

Under the assets section of my tax software for my self employment I am entering a $7500 purchase. The software asks WHEN it was purchased. Understandably for assets and depreciation, a previous year makes sense. But even though I enter the year prior to the tax year, It's still suggesting I take a full or partial 179 deduction. Am I missing something that allows that?