frankgcpa1
Level 2

The program is not allowing Section 179 (partnership with profit) for software why?

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frankgcpa1
Level 2

Software is 179 deductible if it meets the requirements this was not my reason for the post.  The Sec 179 does flow to the K form correctly as deductible but does not show up on the depreciation worksheet.  There is no depreciation shown on the worksheet seems odd!

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George4Tacks
Level 15

Which software are you using? You posted in Tax Talk, which is not program specific.

 


Answers are easy. Questions are hard!
sjrcpa
Level 15

And some states, such as MD, do not allow 179 for software.

What category and life did you enter in the depreciation section?


The more I know the more I don’t know.
abctax55
Level 15

Neither does CA.

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