How do I include or exclude the 168/179 Allowance into depreciation expense?

 

In order for the section 168 or section 179 amounts to be included in depreciation expense:

 

1. Go to: File, Edit Company, Check the Box for Include Sec 168(k) & Sec 179 in Expense
2. A Warning message will appear, Click Yes.
3. Click OK on the Edit Company screen to save the changes.

To exclude 168 Allowance, uncheck the option Include Sec 168(k) & Sec 179 in Expense

NOTE: This function does not calculate the section 168 Allowance or Section 179. It is a cosmetic change on the reports to allow the 168 or 179 amount to appear as expense and can be toggled on and off as needed.