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Adjustment for Section 179 Expense Deduction

Adjustment for Section 179 Expense Deduction
North Carolina did not conform to the increased federal expense deduction or increased investment limit for section 179 property but rather maintained the expense deduction and investment limit

Where do I find this on the federal 1040 to account for in my NC state tax?

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2 Replies

Adjustment for Section 179 Expense Deduction


@apbrunson12 wrote:

Where do I find this on the federal 1040 to account for in my NC state tax?


You should be able to locate your Section 179 deduction on the Asset Entry Worksheet and/or the Depreciation and Amortization Report. Both forms should be in your PDF, assuming you saved all worksheets.

Adjustment for Section 179 Expense Deduction

I printed and finished my federal taxes and too three 179 deductions.  they showed up perfectly, but when I returned to the file to complete my state return,  the federal return on the system had the deductions showing on the asset input/review area but isn't showing on schedule E.  I have reviewed all questions and am confused....Help  Lois fraine

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