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Level 2
posted Feb 19, 2025 9:07:32 AM

Software will not allow me to get to the asset depreciation window

I have an asset costing less than 2500 that I want to enter and claim it as a section 179.   I go to 

Business Income And Expenses

Business Assets

Assets Being Depreciatied  - I click on Update

Any large purchases - Yes

Did you buy any items costing less than 2500 in 2024 - Yes

Let's see if you can deduct these..... - Yes and Yes

Now let's review each item you bought    "Every item I bought was less than 2500"    Check continue..

 

I loop back to the main page  - of Business income and expenses - every time I try

 

The asset is a computer - so I do not want to enter it as Other Miscellaneous Expenses

 

My wife's business is also on this return, I was able to successfully enter her asset, but not mine.  Note, she did have a 4562 the previous year - I did not - maybe that has something to do with it.

 

 

 

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1 Best answer
Expert Alumni
Feb 19, 2025 9:25:36 AM

You have to trick it into letting you enter it as an Asset by telling the program that you did not purchase anything less than $2500.  Then you can continue to enter the information as an Asset for depreciation and choose the Section 179 deduction.  

2 Replies
Expert Alumni
Feb 19, 2025 9:25:36 AM

You have to trick it into letting you enter it as an Asset by telling the program that you did not purchase anything less than $2500.  Then you can continue to enter the information as an Asset for depreciation and choose the Section 179 deduction.  

Level 2
Feb 19, 2025 10:39:48 AM

Thank you so much.  I thought I tried everything over my six hour struggle.  Much Appreciated.

 

HELLO Intuit - users should not have to fool the program into working correctly.