Hey @Mike9241 while that's a technically correct answer, it doesn't help provide practical guidance on how to get the Section 179 carryover entered on the Sub-Chapter S return so that it can carry to the K-1 and then be deducted on the shareholder's personal return.
I've added a 4562 to the "activity" that the carryover is related to, entered the current year income limitation and Turbo Tax is now asking for a different amount of carryover to be entered on a DIFFERENT "activity" on the 199A worksheets. I am not adding any new assets this year (to either activity) and, I just have depreciation amounts (for both activities) for assets purchased in prior years.
I'm thinking I'll delete the 4562 and attempt to start over. If that fails, I may delete the entire return and start completely over.
