The asset summary shows $1424 depreciation and $2500 Section 179. The total is $3924. The amount on Schedule C Line 13 is $2420. Why is there a difference?

[KrisD]

Did you have income or loss on the Schedule C? Did you have more than 3924 as net profit? Line 31.

[jerrywacaster]

I see that now. The full deduction would have resulted in a loss on Schedule C. The remaining amount carried over to next year. Thanks.

[KrisD · Accepted solution]

If there is not enough income to allow the full deduction, the excess will carry-over.