CCH Axcess Tax

Section 179 Election

Entries in this section carry to state Form 4562, Part I. Unless an amount is entered on the Depreciation Options and Depletion Overrides worksheet > Depreciation Options and Overrides section, in the "Business Income for Section 179 Limitation" field, the business income limitation amount defaults to the amount of the dollar limitation for the tax year. All other "overrides" in this section override computations made from the Depreciation and Amortization Totals worksheet entries.