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How do I fix error on line 12, form 4562?

Well, I zeroed out the 231 back in the interview. That solved the problem. I didn't try overriding that line in the form because overriding didn't work on line 12. Maybe it would have.

smtn2009
New Member

How do I fix error on line 12, form 4562?

I solved this by going into the K-1 with section 179 carry forward and selecting the check box that indicates we have active losses carry forwards and then I entered the section 179 allowable loss that we are carrying forward into the current tax year.

How do I fix error on line 12, form 4562?

Ever get a useful answer on this? Having same issue on 2022 return; after no issue on 2021 Sec 179 elections.  Landlord, no K-1 or Schedule C.  

How do I fix error on line 12, form 4562?

Not sure if I'm the one you're asking, but I did what I said in my earlier post. I never got an answer, but that worked for me.

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