2018 UltraTax CS

Section 179 expense FAQs (1065)

Alerts and notices

The following includes answers to common questions about section 179 expense.

Where do I enter information for the section 179 expense deduction?

How does UltraTax CS use the Form 4562, line 11 business income limitation to determine the section 179 deduction amount allowed for the current year?

When I dispose of an asset with a section 179 expense deduction, why isn't the disposition included on Form 4684, 4797, 6252, or 8824?

Why is section 179 expense not allocated to a partner who is an estate or trust?

Related topic: 1065 Frequently asked questions