Section 179 carryover

rootsmusic · ‎February 22, 2021

During step-by-step, the step for "199A Worksheet By Activity" asks me about section 179 carryover. Since I didn't find a "Federal Carryover Worksheet" in my LLC's forms from last year, does that mean that it doesn't have any section 179 carryover? Thanks.

ThomasM125 · ‎February 23, 2021

I'm not sure if you can rely of the absence of a carryover worksheet to conclude that you don't have any section 179 carryover, but you can look on your form 4562 from the previous year on line 13 to see if there is any carryover amount to the following year.

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ThomasM125 · ‎February 23, 2021

I'm not sure if you can rely of the absence of a carryover worksheet to conclude that you don't have any section 179 carryover, but you can look on your form 4562 from the previous year on line 13 to see if there is any carryover amount to the following year.

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majebey · ‎March 22, 2021

I have a small carryover from my 2019 Schedule K-1 recorded on 2019 form 4562 on line 6-c, 8, 9, and 13. When this is recorded on the 2020 form 4562 on line 10 and 13 leaving line 12 with 0 when I attempt to e-file I get a "Check This Entry" suggesting the total amount of Section 179 deduction (0) has been limited. Is there a work-around to "... This Entry"? Or is my only option to file my mail?

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Section 179 carryover