Try to add software to assets. Keep getting error "Eligible Sec 179 property has an unacceptable value". I'm using 4/1/2018 as acquired date and put into use date.

JKinLBC — Sat, 01 Jun 2019 15:29:49 GMT

This is a monthly subscription software. I previously used a purchased version of it but would like to now write off the cost of my subscription which is $50 per month. I've tried using acquired date 3/1/2018 and put into use date 4/1/2018, then changed acquired date to 4/1/2018 to see if making them match avoided the error. It goes to the #42 yes/no entry as the error but whether I put yes, no, or no entry I still get the error.

The IRS won't let you use the 179 deduction for a subscri...

KrisD — Sat, 01 Jun 2019 15:29:51 GMT

The IRS won't let you use the 179 deduction for a subscription. They category that as "rent" or "lease".

Also, you also can't enter a value as "per month".

https://www.section179.org/section_179_and_software/

https://ttlc.intuit.com/replies/4894090

topic Try to add software to assets. Keep getting error "Eligible Sec 179 property has an unacceptable value". I'm using 4/1/2018 as acquired date and put into use date. in Deductions & credits

Try to add software to assets. Keep getting error "Eligible Sec 179 property has an unacceptable value". I'm using 4/1/2018 as acquired date and put into use date.

The IRS won't let you use the 179 deduction for a subscri...