Enter section 179 expense for prior-year assets
When entering Section 179 expense that was taken in a prior year, you need to enter the expense in the
Sec 179 expense
field and to include it in the amount entered in the Prior Depreciation
field.For a prior-year asset with $1,000 of Section 179 and $1,800 of regular depreciation, you would enter:
- $1,000 in theSec 179 expensefield, and
- $2,800 in thePrior Depreciationfield.
