Depreciation -179

[cpa1008]

I inputted assets on the Lacerte and it automatically deducts as section 179 which I do not want to.

Is there any way that I do not do the 179 deductions on the asset entry?

1. Detail

2. Dep Schedule

Thank you

[abctax55]

Are you sure it's §179, and not bonus depreciation that "Lacerte is automatically" deducting?

[sjrcpa]

I believe it is automatically claiming 100% bonus depreciation. You can elect out.

[cpa1008]

Thank you for reply.

Im working on F1120, and when I input the 2019 asset, it automatically goes to the current 179 deductions on the form. 

Cant find the tool 😞

Thanks

[cpa1008]

Yes,

I inputted 2019 Asset, and it goes to Section 179 deduction.

On the Detail, there's no number on section 179 but when I go to Forms and click 2019 depreciation the 2019 assets depreciated with the 179 deductions. (F1120)

Dont know what to do.

Thank you

[sjrcpa]

That's bonus depreciation.

[George4Tacks · Accepted solution]

Shown in the input screen you posted as Special Depreciatiation.  Select NO if you don't want it. 

[abctax55]

"... when I go to Forms"

As in Form 4562, line 12 is showing §179 equal to the cost of assets put in service during the current year?

[cpa1008]

Thank you so much!!

[cpa1008]

oh got it! Thank you so much!

[abctax55]

YVW - pick one answer & mark it as the solution, please.

[cpa1008]

Thank you so much!!