15364
The following diagnostic is generating:
Depreciation asset #{PrefixNum}: You have elected to take section 179 expense on an asset with a 39 year class life. The program considers these to be assets qualifying for real property section 179 expense. If this is incorrect, enter 2 in the Depreciation screen, "Section 179 expense: 1 = not qualified property, 2 = not qualified real property [O]". Note: some states do not allow section 179 expense to be taken on qualifying real property.
Solution:
- Click on the diagnostic from the Diagnostics tab or go to Deductions>Screen 22 Depreciation
- Scroll to Additional Information section in Section 179 expense: 1=not qualified property, 2=not qualified real property [O] field (code 469) enter the 1 or the 2.
