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JTSON
New Member

Problem with Section 179 Carr

I get the following error "disallowed deduction from prior year does not match the total prior year Section 179 carryovers entered in each individual activity" even though the carryover amount on line 9 and the expense deduction on line12  are the same on Form 4562.

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6 Replies

Problem with Section 179 Carr

I had this problem - Three hours online with support no help.

You are going to hate this answer.

1. find last years list of items that were carried over and the amounts, it should add up to the number in the block.

2. Go to Forms Mode - Click 1065 Depr Opt on left column

3. Click the plus to the left of the number in "Federal Secion 179 Information" items 4a and 4c

4. Enter each item and the carryover amount as applicable.

 

Sorry I agree this should have autofilled in but this is the only way I could fix and e-file 

 

Problem with Section 179 Carr

I tried that by filling in the individual items on Depreciation Options 2019 both lines 4a and 4c so that they match the total. After rerunning the final check it still came up with the same error message.

 

Groan!

Problem with Section 179 Carr

 Here's the answer, from turboTax support. The error is showing up in FORMS MODE on the Sec 179 Limit form not on the Form 4562.  If you click on Form 4562 on the left you will see that LINE 10 is not populated with the prior year carryover number.  Populate line 10 and line 12 with your total carryover.  Once you populate these lines the error on the Sec 179 Limit page will go away.

Problem with Section 179 Carr

This was the magic answer to me. Thank you!!

 

Intuit should fix this, wasted an hour of my time.

Problem with Section 179 Carr

Glad to see that I am not the only one frustrated by this.

Problem with Section 179 Carr

Thank you SO Much!  As soon as I entered the carryover from 2018 into line 10 it all worked.  I have been going over #'s for 3 days, calculating and recalculating and going crazy because all the #'s were right.   That is really bad on Turbo Tax to have the forms like this....... literally a needle in a haystack.   

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