Its telling me that i have elected the 179 on one or more activities..im not understanding what that means. Please advise

[DawnC0 · Accepted solution]

The section 179 deduction allows you to directly write off large amounts of the cost of new business property you place into service if you use the property more than 50% of the time in your business. The deduction takes the place of depreciation.  You would have elected this under either Business Vehicle Expense or Business Assets in TurboTax if claiming it for a business asset you placed in service during 2017.  

If you previously took the section 179 deduction for some of your business property and you no longer qualify for it (because you disposed of it or your business usage drops below 50%), you need to refigure your depreciation as though you hadn't been allowed the deduction. Then you report the difference as income on your tax return.  This is called recapturing the depreciation.  

Don't worry. We'll help you with all the calculations.  Review any business vehicles or assets listed on your return from this year of previous years.  If you had a vehicle on your 2016 return, you will need to review it (as well as any other assets) and update info for 2017.

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See this site  http://www.section179.org/