Thanks so much for your response! My net book income is $211 after deducting $69,071 of Section 179 expenses. The amount shown in Line 1 of the South Carolina 1120S is $138,353 - which is the Section 179 of $69,071 plus the net book income of $211 (lines 1-10 of Schedule K on the federal return) plus Section 179 of $69,071 which is line 11 of Schedule K of the Federal return. The description of line 1 on the South Carolina 1120S says it includes line 1-12 of schedule K of the federal 1120S which adds back again the Section 179 expense. It appears the Section 179 is added twice. In 2021, this line in the SC 1120S included only lines 1-10 which is the income section. In 2022, this amount appears to include the Section179 expense in line 11 as an add back because it is included in lines 1 -12 instead of lines 1-10 on Schedule K of the Federal 1120S.
Any help would be appreciated. Thank you!
