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Level 2
March 31, 2021
Question

California Section 179 $25k limit

  • March 31, 2021
  • 1 reply
  • 5 views

How do we input California's limitations on IRC Section 179 Previewdeductions (max $25,000) in the Individual module for a rental property asset? 

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1 reply

abctax55
Level 15
March 31, 2021

The software does it automatically.

HumanKind... Be Both
Level 2
March 31, 2021

I guess I need to call Lacerte. It doesn’t appear to automatic when it comes to California state. It is automatic for federal. Thank you!