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dmart889
New Member

My depreciation and amortization page on my business taxes show 1,000,000 and 2,000,000. Why would it show that?

 
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My depreciation and amortization page on my business taxes show 1,000,000 and 2,000,000. Why would it show that?

Those are set amounts per the tax year you are filing ... those are filled in automatically.

Line 3 ...Threshold cost of section 179 property before reduction in limitation 

Line 5 ...Dollar limitation for tax year. 

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3 Replies

My depreciation and amortization page on my business taxes show 1,000,000 and 2,000,000. Why would it show that?

Maybe you made a data entry error, such as a misplaced comma or decimal?

My depreciation and amortization page on my business taxes show 1,000,000 and 2,000,000. Why would it show that?

Do you mean $1,000,000 and $2,500,000?  Is that on Lines 1 and 3 of your Form 4562?

My depreciation and amortization page on my business taxes show 1,000,000 and 2,000,000. Why would it show that?

Those are set amounts per the tax year you are filing ... those are filled in automatically.

Line 3 ...Threshold cost of section 179 property before reduction in limitation 

Line 5 ...Dollar limitation for tax year. 

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