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Section 179 expense feature—all entities

UltraTax CS has 3 section 179 expense features.

Asset Detail window

The Asset Detail window lets the system automatically enter the Section 179 expense for the current-year asset. When you press F11 in the
Asset Detail
 window for a current-year asset, then UltraTax CS automatically enters the Section 179 expense. The expense is from asset Sec 179, up to either the remainder allowed for the current year or the cost of the asset, whichever is less.

Section 179 Summary window

This window allows you to view an on-screen explanation of how UltraTax CS calculated the maximum 179 expense for an asset or an asset's maximum section 179 expense. To access this window, while in the
Asset Detail
 window, select
Display Section 179 Summary
 from the Tasks menu.

Elect Section 179 window

This window allows you to enter section 179 expense for eligible assets. To access this window, select
Elect Section 179
 from the Tasks menu or select
Elect Section 179 Amounts
 while in the
Asset List
 window.

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