inquiringminds
Level 1
03-01-2022
02:33 PM
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Individual has commercial property and takes 179 expense on 5 year property on schedule E of form 1040. IRS says he is allowed to take the 179 depreciation. Assets entered in Fixed Asset manager Program and on the asset entry worksheet cost is included on Section 179 deduction line. Tax program is not allowing the 179 depreciation expense and is carrying it over to 2022. How do I resolve this?
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