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Election to Expense Certain Tangible Property (Section 179)
How do I generate the ELECTION TO EXPENSE CERTAIN TANGIBLE PROPERTY (SECTION 179) statement and get the amount expensed to populate Lines 8 on Form 4562?
George4TacksAnswer
Level 15
Oct 16, 2023 1:20 PM UTC
In the depreciation input DETAIL, the item right after Cost or basis is Current Section 179 Expense. Put the amount you want to expense there and VOILA! you got it.
Answers are easy. Questions are hard!
