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October 14, 2024
Question

179 Expense should not exceed cost of asset?!!

  • October 14, 2024
  • 1 reply
  • 0 views

Got the following info from our accountant for Sales to be reported on Form 4797
a - XXX
b - 06/02/2014
c - 07/03/2023
f - 3800

i - 3950

The Smart Check is giving me an error that 179 Expense should not exceed cost of asset

How can I resolve this error?  Just do it so that i is 3800 and override the Ordinary Gain to be 150?

    1 reply

    Employee
    October 14, 2024
    No text available
    October 14, 2024

    haven't a clue ask the accountant