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- On 1120S Form 4562 - Line 12 Section 179 is not being included in Line 22 Total
On 1120S Form 4562 - Line 12 Section 179 is not being included in Line 22 Total
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MaxGalvin
Level 2
02-19-2022
12:40 PM
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On Form 4562 of S-Corp there is a small amount ($251) of Sec 179 on Line 12, zero carryover on Line 13, and no other depreciation on the form - yet "Total" Line 22 is showing zero.
Shouldn't it be $251? The directions clearly say "Add amounts from Line 12 (Sec 179), lines 14 through 17" etc.
Thank you.
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MaxGalvin
Level 2
02-19-2022
01:41 PM
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I see said the blind man. Since it's on the K-1 it would not be in Line 22.
