You should report the 179 recapture in the first year business use dropped below 50%.
To enter a Section 179 recapture:
1. Open (continue) your return if you don't already have it open.
2. Select the Take me to my return button.
3. Inside your program, search for “schedule C” and then select the "Jump to" link in the search results.
4. Click Add expenses for this work
5. Select Assets and Continue at the bottom
For items that you are depreciating and stopped using for your business (for any reason, including they no longer work), you will indicate the change in use by editing the asset.
Go to the list of assets for your business and edit the one that had a change in business use. There will be a question that asks “Did You Stop Using This Asset in 2017?” Answer Yes, and move forward to answer the follow-up questions. The answers to the follow-up questions will generate the proper forms needed to report any income or loss due to removing the asset from the business.
TurboTax Business calculates the Section 179 recapture amount and records it on your Asset Entry Worksheet.
This question was previously entered by MichaelDC
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