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
- :
- SECTION 179
SECTION 179
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Russo
Level 2
07-11-2024
03:17 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I NEED HELP WITH An ERROR IN PROSERIES 2023 IS ABOUT SECTION 179.
THE ERROR IS TELLING ME THIS:
YOU HAVE ELECTED SECTION 179 ON MULTIPLE ACTIVITIES OR HAVE A SECTION 179 DEDUCTION ON A K-1 ACTIVITY.
THE TOTAL AMOUNT ON SECTION 179 YOU MAY DEDUCT HAS BEEN LIMITED.
YOU MUST REALLOCATE THE SECTION 179 ON ONE OR MORE ACTIVITIES
AND THE TAXES I AM DOING IS WITH ONE K-1 ONLY AS INCOME AND IN THE LINE 12 ON K-1 HAS THE AMOUNT OF $ 7,208 AND THE ERROR IS ON THE FORM 4562 LINE 12 AS WELL
IF SOMEONE HAS BEEN THE SAME SITUATION OF ERROR AND YOU FIX IT, PLEASE LET ME KNOW HOW I CAN DO IT, THANKS IN ADVANCE
Labels
