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Level 1
October 22, 2020
Question

Electing Safe Harbor Election 1.263 for expensing air cond expenses rather than depreciation, ger critical diagnostics saying invalid method for Section 179 election

  • October 22, 2020
  • 1 reply
  • 7 views
What depreciation method do you use?
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1 reply

itonewbie
Level 15
October 22, 2020

First, I would presume that you have determined the expenses qualify for whatever safe harbor your client is electing and that you have generated the relevant election statement.  My hunch is that you have entered details of those expenses under Depreciation when they should just go on the expense line.  If not, please come back with more info and context.

---------------------------------------------------------------------------------Still an AllStar