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Level 2
June 19, 2022
Question

AR Sub S return for multi state corp not giving me 179 deduction anywhere even though total on fed return is less than $25K?.

  • June 19, 2022
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1 reply

dkh
Level 15
June 20, 2022

Am I following this correctly.....  the federal 1120S has a net income on Page 1, Line 21 of $25,000 but on page 3 Sched K line 11 it is $0 although you've entered assets of (? $$) and elected Sec179.

What does Form4562 show on lines 8 thru 13?