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Get your taxes done using TurboTax
I am having this exact same issue. I have read throughly on IRS.gov regarding qualifying business and section 179 and I am confident that when entering the Central A/C on 2022 taxes for the property it qualified for section 179. Due to income limitations, it was disallowed and had to be carry overed to 2023. As the other user stated, the amount on line 13 of form 4562 of 2022 needs to be on line 10 of form 4562 of 2023 for that property. Is it possible that there is an issue with the software causing the amount entered as section 179 carryover when that question comes up that explains to use last year's form 4562 to not go onto the correct form for this year?
March 25, 2024
5:48 PM