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Old 03-27-2015, 12:03 PM
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show section 179 full deduction on scheduleL

I have a partnership with spouse. We can take the full section 179 deduction. We bought a cargo van for $21936 and took the same deduction. How do I show this on form 1065 schedule L since the asset and full depreciation is taken the same year? I only have previously shown line 1 cash column a and d and depreciation line 9a and line 9b. Then these totals on line 22 a and b.

I don't know how to reflect a purchase full deduction in the same year. Do I show

21936 line 9a column a and c
21936 line 9b column a and c
0 on line 9b column b and d

Thanks.


Last edited by lisafig10 : 03-27-2015 at 12:05 PM. Reason: Add info


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