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How do I display the total cost of section 179 from the Asset Worksheet on Line 2 of the Form 4562 - Instructions on how to display the total cost of section 179 from the Asset Worksheet on Line 2 of the Form 4562, Pg. 1, Part I for a 1040 return in SureFire/SureFire Web Version.

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📊 Step-by-Step Guide

Step 1: Open the Asset Worksheet

Use this when you need to access the section 179 election fields.

Go to the Asset Wkt.

Step 2: Mark the property as eligible for the section 179 election

Use this when you need to indicate the property qualifies for section 179.

Mark the Yes checkbox - Eligible for the section 179 election of the Section 179 section.

Step 3: Enter the section 179 election amount

Use this when you need to specify the amount you are electing to take.

Enter applicable section 179 amount that you are electing to take on Line5 - 179 election amount for this property of the Section 179 section.

Step 4: Confirm the total cost flows to Form 4562 Line 2

Use this to verify the program populated the correct form line.

The applicable section 179 amount will flow on Line 2 automatically and populate on the Form 4562, Pg. 1, Part I as well.

Step 5: Save your return

Use this to ensure your changes are recorded.

Select the File menu, Save Return.

Tags: federal,form