Turbotax shows the asset as depreciating over 5 years in California. If I try to edit, it says "no adjustments are necessary." I know that California's limits and thresholds are different, but they should not apply. California seems to have some differences in what assets qualify, but I can't find a clear source for this. Is there a good reason Turbotax is stopping me?
And just in case I'm totally off here: I purchased new electrical panels for a small apartment building that I own and operate. It *seems* like that should qualify under Section 179 federally, but please let me know if that seems wrong.
