@pk Thank you, that was super useful. I now see it populated in form 4562, but I do need more help 🙂
For some reason I see it populate line 13 ("Carryover of disallowed deduction to 2020"), so it can't be used this year after all? It is not hitting any limits as it is my only deduction ($500).
9 Tentative deduction. Enter the smaller of line 5 or line 8 ------- $500
10 Carryover of disallowed deduction from line 13 of your 2018 Form 4562 -------- Empty
11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5. See instructions ------- $0
12 Section 179 expense deduction. Add lines 9 and 10, but don’t enter more than line 11 ------- $0
13 Carryover of disallowed deduction to 2020. Add lines 9 and 10, less line 12 ------- $500
Any idea? Thanks a lot, it is my last issue to resolve and then I can file!
