Section 179 Deduction

[BobYCPA]

Farm client installed drain tile on farmland which is a 15 year asset qualifying for Section 179.  I get a diagnostic saying invalid method for Sec 179.  Previous answers indicate check the box for qualified leasehold improvements, which certifies that it is a 39 year property.  this isn't 39 year property entered with method code 87. It is 15 year property entered with method code 66.  How do I enter this to get the sec 179 deduction?

[TaxGuyBill]

Somebody else posted a question today that Lacerte isn't allowing Section 179 on 15 year property, so I suspect it may be a program error that recently developed.

[George4Tacks · Accepted solution]

I agree 15 year https://accountants-community.intuit.com/articles/1607327-depreciation-methods code 66 or 67

IRC 179 should work. I did a quick test and it did. If you have problems, give more specifics. Be sure 179 is not being limited by income. 

[JohnCPACFP]

As of 2/14/20 still gives a fatal error when Sec 179 is used with code 67 asset.  Alternative is to use code 91 (straight line) with a life of 15 yrs.