J5 Qualified Improvement Property

[yeknod]

Date Placed in Service 05/14/2021   J5 Selected   Economic Stimulus QP = yes

After 9/27/17 = yes

It makes me manually enter the SD Allow under Reg Tax.  Entered same amount as cost.

No matter what I do it does not flow to the 4562.  Please Help!

Thanks in advance!

[Just-Lisa-Now-]

1040? Sch C or E?  Whats the date acquired?

I'll see what it does for me.

[yeknod]

Thanks, I really appreciate it

[TaxGuyBill]

Is this on a 1040?  If so, it works fine for me.  You shouldn't need to manually fill out the amount on the SDA line, so some box may be mis-checked somewhere.

Try deleting the Asset Entry Worksheet and enter a new one.

[yeknod]

It's a C-Corp.  I have multiple assets and they all do the same thing.

Also, just fyi, I tried one asset with S179 and it is not transferring to the 4562.  Very strange.

Thanks!

[yeknod]

It's a C-Corp

[yeknod]

Can a lessee/Tenant take QIP?

[TaxGuyBill]

Yes.