Software Follows Strict Standards when Recapturing Section 179 Expense Deductions

Intuit's popular TurboTax tax preparation program ably fits the needs of most taxpayers. For those with more demanding long form needs, specifically, partnerships and S corporation shareholders, TurboTax's refusal to allow the use of negative numbers in the recapture of Section 179 expense deductions makes the process even longer -- but only if filing electronically. When preparing the printed forms, TurboTax does not object to "negative deductions." (more...)