1040-US: Form 2106 - Line 31 has been adjusted by disallowed 179 Expenses

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Question

Why does the text "Line 31 has been adjusted by disallowed 179 Expense" occasionally appear at the bottom of Form 2106, Page 2?

Answer

When section 179 expense is subject to the business income limitation according to Form 4562 instructions, line 31 needs to be adjusted to show the amount of section 179 expense allowed per vehicle according to Form 2106 instructions.

Related topic: Auto expense FAQs (1040)

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