As I explained in my post there is a loss this year, taking Sect. 179 will result in a carryover - no expectation it would be used for 2023.  Same with Bonus.  The difference is bonus is at the entity level (included as part of the NOL) whereas 179 is not.  The point is the Sect. 179 will, eventually, be used and will not be subject to the 80% limitation on NOL, which is what I prefer the client avoid.  In addition, the taxpayer can amend for change to 179 with bonus he/she cannot.  I've thought about MACRS but considering Sect. 179 carries indefinitely and without the NOL 80% limitation I'm inclined to use the 179.  I believe this is a win win for the client, but not immediate.

After the S Corp deadline the client told me he bought this franchise in 2023 and formed the S Corp.  I am trying to limit his penalties.  As I stated with 179 I can amend later if circumstances warrant.  In the meantime I need to get this return filed.

ProSeries should be showing the carryover on the 4562 but it is not.