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Level 2
January 31, 2024
Question

Electing 179 deduction on new furniture

  • January 31, 2024
  • 1 reply
  • 4 views

 Does anyone know why the software will not allow me to elect Section 179 to depreciate the entire new purchase all in the current tax year?

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    1 reply

    IRonMaN
    Level 15
    January 31, 2024

    Income limitation?

    Slava Ukraini!
    BoggsAuthor
    Level 2
    January 31, 2024

    it seems to still want to do a 'carryover' even if input a very high six digit 'hypo income number'