form 4562

[dbfailey]

How do I correct error on part 1 line 12?

[itonewbie]

What error?

[dbfailey]

Hi Sir,

Thank you for your reply.  I'm getting an error on part 1 line 12.  I'ts telling me the taxpayer has multiple activities with the current year Section 179 deductions and exceeded Section 179 Limitations and to allocate Section 179. 

[dkh]

You'll need to reduce Sec179 on your assets until you are within the allowed limit.   The assets you can't take Sec179 for hopefully qualify for Special Depreciation Allowance.

[dkh]

Form 4562 Part I  lines 1-5 will help with your limit.

[dbfailey]

Sir,

I appreciate your assistance.  I was able to solve this issue by deleting zero on line 12.

Thank you,

David

[dkh]

Line 12 is a calculated cell. How did you delete the zero on line 12 without overriding ?