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Level 3
October 16, 2023
Solved

Election to Expense Certain Tangible Property (Section 179)

  • October 16, 2023
  • 1 reply
  • 9 views

How do I generate the ELECTION TO EXPENSE CERTAIN TANGIBLE PROPERTY (SECTION 179) statement and get the amount expensed to populate Lines 8 on Form 4562?

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Best answer by George4Tacks

In the depreciation input DETAIL, the item right after Cost or basis is Current Section 179 Expense. Put the amount you want to expense there and VOILA! you got it. 

1 reply

George4Tacks
Level 15
October 16, 2023

In the depreciation input DETAIL, the item right after Cost or basis is Current Section 179 Expense. Put the amount you want to expense there and VOILA! you got it. 

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