mstoudt7
Level 1
05-08-2021
12:31 PM
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Sec 179 expense is greater than K-1 Scorp income, but owners/tp have $300,000 in wages from S Corp. My understanding is that the wages can count towards the "income limitation" of Sec 179 which would allow for the total deduction of the 179. I can't figure out how to incorporate the wage amounts into ProSeries and get rid of the limitation error.
thank you!
Best Answer Click here
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