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Get your taxes done using TurboTax
I have the same problem as everyone else in this section. I believe it is related to a program error that carry's the 179 carryover as a negative 179 deduction on to the individual K-1 199A forms. It shouldn't carry it to the individual K-1's because there is no deduction allowed. It should just carry it forward for the following year on the 4562 form.
This appears to be a Turbo Tax program problem, and can only be fixed by them. I wish they would get it fixed! Very frustrating!!!
‎February 12, 2020
1:27 PM