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March 20, 2021
Question

I have entered asset and taking 100% deduction, however Schedule F depreciation line is $0.

  • March 20, 2021
  • 1 reply
  • 0 views
In 2019 it worked, this year it doesn't.  I completed the same way.

1 reply

ColeenD3
March 21, 2021

Where are you looking to see the $0 exactly? Is it a new asset? 

 

What Property Qualifies?

To qualify for the section 179 deduction, your property must meet all the following requirements.

  • It must be eligible property.

  • It must be acquired for business use.

  • It must have been acquired by purchase.

  • It must not be property described later under What Property Does Not Qualify .

For more information, please see Section 179

March 23, 2021

Thank you very much for your quick response.