I have since done a new "test" return in TT, using the same Sec 179 property values totaling apprx. $1800. Those values can be seen flowing through correctly to asset sheets and other related forms.
Again, I get the error message during the check following the deductions and credits section saying that my apprx $1800 Sec 179 deduction has been limited to zero and I must reallocate all of it until I reach $0.
Again, the Form 4562 is improperly showing $1,080,000 on Line 1 rather than the smaller of $1,080,000 and the $1800, as is explained in the IRS instruction for Line 1
I think it is very clear this is not an error in my entries of the property.
Can anyone please explain what the real problem is and how to fix it?
Is anyone else having this problem?
