Discussion:Sec 179 on Amended Return

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Revision as of 18:48, 14 October 2009

Discussion Forum Index --> Basic Tax Questions --> Sec 179 on Amended Return
Discussion Forum Index --> Tax Questions --> Sec 179 on Amended Return

FLAcct (talk|edits) said:

14 October 2009
I am amending a 2006 tax return which includes a Schedule C for a business that was purchased that year. The chain store tax preparer did not depreciate any of the tangible/intangible assets that were bought with the business, among many other errors. I have read the threads on Section 179 and just want to make sure my understanding is correct. I can not claim a Section 179 deduction on the 2006 amended return at this point. I would only have been able to claim the Section 179 on an amended return if the amended return was filed by the due date, plus extensions for the original return (in this case 4-15-07). Is this correct?
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