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Section 179 on 1065 tax return

maui doug
Level 3

Trying to enter a section 179 depreciation deduction but its not picking up in the Federal asset worksheet.

I enter the amount in the section 179 deduction field but doesnt show on the 1065 ttax return.

Any suggestions

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3 Comments 3
abctax55
Level 15

Did you check for it on the F 1065 Sch K and separately stated on the K-1s?

HumanKind... Be Both
Terry53029
Level 14
Level 14

Section 179 is passed through to partners, and not a deduction on 1065

abctax55
Level 15

(Terry... I was trying to make the OP work a little harder to determine the treatment 🙂

 

HumanKind... Be Both