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- HOW IS THE NC SECTION 179 ADDBACK CALCULATED
HOW IS THE NC SECTION 179 ADDBACK CALCULATED
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pruss
Level 2
04-09-2023
11:56 AM
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I have prepared a 2022 returns for a NC S corp and am now preparing individual returns for the shareholders who NC residents. The Section 179 addbacks are not calculating the same way for the two individual shareholders. In fact I can't back into either calculation on NC. It looks like one is overstated and one is understated. The carryover Section 179 deductions from 2017 and 2019 are working perfectly. Has anyone else had difficulty following the NC addback calculation for 2022?
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