Question

AMENDMENT IN PROGRESS

Forum|Forum|3 years ago
March 21, 2023
1 reply
0 views

I am trying to submit an AMENDMENT because I forgot to add my LLC.. I know..

Now, I bought an asset in 2021 and added to my tax return in 2022.

I had the option to only add half of the asset value and save the other half to fill it for this year.

Now, that I am trying to fill the a AMENDMENT I do not know how to fill for the other half of the asset value for this year. How can I do that?? I am using the same account that I have used for 6 years.

I try to download the pdf from last year but the pdf it downloads it is empty..

TurboTax Self Employed Online

DaveF1006

To clarify, are you asking where in the return to add the second half of the asset or how to enter it? if this how you enter, did you take a full 179 deduction a year before for 1/2 of the asset? What type of an asset is it?

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

O

oogandoAuthor

I was able to download the tax document from last year.
Here is what I am talking about.

10,500 and elected for that year $5000.

How can I add the rest for this year, $5500?

it is under, Election To Expense Certain Property Under Section 179

C

Cynthiad66

It is an asset and now you depreciate it on this year's tax return. If you used TurboTax in the prior year the information would automatically populate this year's return if entered accurately in prior year.

I did a re-enactment but I am using 2022 for all of the transaction.