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mttbrannan
March 20, 2025
Question

Why am I seeing a 113,617 depreciation and sec 179 ?

  • March 20, 2025
  • 1 reply
  • 0 views
How to delete a depreciation sec 179?

    1 reply

    L
    LeticiaF1
    March 23, 2025

    Section 179 allows you to deduct the entire cost of an asset on the first year instead of depreciating it over a few years.  If you don't want to claim section 179, then you will need to go back and review the entries you made for the assets you placed in service during 2024.  

     

    There's a question on each asset that will ask you how you want to deduct each item.  If you do not want to take the section 179 deduction, then select the first option to spread the deduction over several years.  See the following link  and images for your reference:

     

    What is a Section 179 deduction?

     

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