josephfolsomcpa
Level 4

Doesn't any 1245 gain (depreciation recapture) count towards the business income limitation for section 179 purposes?  Proseries correctly does this on the partnership 1065 return, but is not including it on the partner's form 1040.  It is not including the 1245 gain on the partner's business income limitation for the 1040.  What am I missing here?

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