Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- I have excess 179 deductions from K-1 and the program won't let me reserve for future. What other options do I have to reallocate?
I have excess 179 deductions from K-1 and the program won't let me reserve for future. What other options do I have to reallocate?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
janelfredericks
Level 1
03-29-2023
01:31 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Labels
2 Comments 2
dascpa
Level 11
03-29-2023
01:35 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
On 1065 K-1 worksheet double click on Line 12. Supporting worksheet line 2 you need to adjust. For prior year's carryover Line 1 and see Form 4562 Line 10.
dkh
Level 15
03-29-2023
02:48 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Is this your return or a client's return ? Is there more than one K1 or also a Sched C also on this return? The Sec179 on the K1 shouldn't exceed the amount of income on K1....... wondering why you have excess 179 .
