Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
G
Gary119
March 29, 2023
Question

Where is the screen which covers the limitation on the sec 179 deduction to active income?

  • March 29, 2023
  • 1 reply
  • 0 views
No text available

1 reply

T
ThomasM125
March 29, 2023

I don't think there is a screen in TurboTax that will tell you what your section 179 deduction is so that you can see how it may be limited by your income. However, you can look on Form 4562, Depreciation and Amortization, on line 12 to see your allowed deduction for the current year. You can't see that form in the online TurboTax program until you pay for the program. If you are reporting self-employment income, the deduction is limited to that income and wage earnings.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification