- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Fixing Line 24 error for form 4562/ section 179
You will first need to review form 4562 from the prior year line 13 and make sure you don't have a carryover. If that line is blank, zero out the amount that is being reflected for the prior year on the current year form 4562. More than likely the number that will be reflected there is the current year section 179.
If you also get an error stating that the section 179 doesn't match all the individual activities review your schedule E in turbo tax under asset section and see if you are taking any section 179. If so, you will need to that amount plus any section 179 you may have from your K-1in box 12.
Hope this post saves the next person time with fling their taxes.
Topics:
March 30, 2024
12:54 PM