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March 13, 2025
Question

Why does this message keep occuring? Schedule C (eBay sales) -- Asset Entry Worksheet (I Pad): Eligible Sec 179 property has an unacceptable value.

  • March 13, 2025
  • 2 replies
  • 0 views
I put in a value for a computer( I pad ) purchase I use 50% of the time for my eBay selling and I keep getting the above message. I can’t correct it?

    2 replies

    March 13, 2025

    There are two issues which might be affecting the section 179 deduction on your tax return.  Both are discussed in this IRS publication.

     

    Page 4 Line 5

     

    If you are married filing separately, you and your spouse must allocate the dollar limitation for the tax year.

     

    Page 4 Line 11 

     

    The total cost you can deduct is limited to your taxable income from the active conduct of a trade or business during the year. You are considered to actively conduct a trade or business only if you meaningfully participate in its management or operations. A mere passive investor is not considered to actively conduct a trade or business.

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    March 14, 2025

    @ajmd2002mark wrote:
     I use 50% of the time for my eBay selling 

     

    You are not allowed to use Section 179 for an asset that is only used 50% for business.