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Eligible Sec 179 property should be blank. It only applies to current year assets. Cust service is useless! How do I get around this?

 
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9 Replies
AmyC
Expert Alumni

Eligible Sec 179 property should be blank. It only applies to current year assets. Cust service is useless! How do I get around this?

The sec 179 deduction is only allowed the first year you place an asset in use. After that, it is depreciation only. What are you trying to get around?

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Eligible Sec 179 property should be blank. It only applies to current year assets. Cust service is useless! How do I get around this?

Hi Amy - it is blank!  I never even filled in a 179 depreciation, Turbo Tax did it for me. And there's now way to find where the program is hanging up (and they won't help!)

Thank you!

Carl
Level 15

Eligible Sec 179 property should be blank. It only applies to current year assets. Cust service is useless! How do I get around this?

If you did "in fact" place the asset in service in 2020, then work back through that asset again. Most likely, you entered an "in service" date with a tax year other than 2020. (Maybe you transposed digits and entered 2002?)

 

Eligible Sec 179 property should be blank. It only applies to current year assets. Cust service is useless! How do I get around this?

Hello - I have attached a screenshot.  In my state return, which is where Turbo Tax is holding me up, I have deleted any reference to the asset.  Still will not go though.  Thank you!Screen Shot 2021-03-22 at 7.20.57 PM.png

Carl
Level 15

Eligible Sec 179 property should be blank. It only applies to current year assets. Cust service is useless! How do I get around this?

I can't help with the state stuff, as my state of FL doesn't tax personal income. But I doubt anyone can help really, until you tell folks what state you're dealing with. 🙂

 

Eligible Sec 179 property should be blank. It only applies to current year assets. Cust service is useless! How do I get around this?

Oh!  California.  I can't even find that form to edit!  So frustrating

Eligible Sec 179 property should be blank. It only applies to current year assets. Cust service is useless! How do I get around this?

I'm having the same issue with this checkbox. I have tried all the options - no entry, yes, no; and it still does not let me go through! Were you able to solve it?

Eligible Sec 179 property should be blank. It only applies to current year assets. Cust service is useless! How do I get around this?

I think it's a Turbo Tax glitch! i tried to delete 1 of the 2 items i have on there, and the next item will always revert to 2019. I deleted and added the item back in over and over again and it's just giving me the same problem though the system itself shows 2020. Somehow on the review it becomes 2019! Arghhh!!!!

Eligible Sec 179 property should be blank. It only applies to current year assets. Cust service is useless! How do I get around this?

Any luck or solutions? I'm having the same issue!

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