Add a Section 179 Deduction Limit

Create the tax year calendar and limit for section 179 deductions.

To add a Section 179 deduction limit:

1. From the Navigation menu, click Settings > Accounting > Asset Management .
2. On the Section 179 tab, in the Section 179 Deduction Limits grid toolbar, click Insert to insert a blank row on the grid. This limit applies to any additional books that you set up for an asset item on the Additional Books tab in the Equipment hub for which the section 179 deduction applies (you selected the Section 179 check box for the additional book on the Additional Books tab in Asset Management Settings).
3. Enter a start date and end date for the tax year to apply to the deduction limit.
4. Enter a numeric value that represents the dollar amount for the deduction limit. If you exceed the defined limit, DPS displays a warning message to alert you that you cannot take any further deductions for the remainder of the year.
5. Click Save.