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Old 03-10-2009, 10:27 PM
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Join Date: Dec 2007
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Section 179 Asset Listing

Hello,

In preparing my 2008 return I think I may have made a large error in filing my 2007 tax return. It seems as though rather than list each asset that was purchased in 2007 individually I lumped everything together in one equipment category that contained all of the same type of equipment. For the life of me I can't figure out why I would have done that. Now I had to sell a few assets in 2008 and there is no way for me to refer to the individual asset since I didn't list them individually in 2007. I'm assuming that I'm going to need to amend my 2007 return to provide individual asset details (the actual expenses will match) but I claimed a section 179 deduction on all of the equipment so I'm not really sure what to do at this point.

Thanks,
GG



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