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- Re: 1120 Section 179
1120 Section 179
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deanhal
Level 1
Monday
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Anyone have steps to enter 179 deduction in 1120 Lacerte module? Entered in deprecation screen and only getting the bonus to calculate. Still have $10,000 more before I hit the income limitation.
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deanhal
Level 1
Monday
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if I manually enter current section 179 amount it will calculate. This is on screen 4562
George4Tacks
Level 15
Monday
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You did not share your software, so I will assume Lacerte. Bonus comes first. If you don't want it you need to override with the universal -1 (NEGATIVE IS A ZERO throughout the program). You may also elect a larger number, if you wish. .179 should they adjust accordingly.
FYI -= Post your software, module and year you are working on.
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