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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?
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!
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?)
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!
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. 🙂
Oh! California. I can't even find that form to edit! So frustrating
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?
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!!!!
Any luck or solutions? I'm having the same issue!
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