Add a Section 179 Deduction Limit

You can create the tax year calendar and limit for the section 179 deductions.

To add a Section 179 deduction limit, complete the following steps:

1. From the Vision Navigation menu, click Configuration > Asset Management > Section 179.
2. On 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 Info Center 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 Configuration).
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, Vision displays a warning message to alert you that you cannot take any further deductions for the remainder of the year.
5. Click Save.