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Section 179 deduction limitation and allocation
On my only K-1 this year there is a Section 179 deduction. I am a passive partner for this company and it seems that this is a passthrough deduction. TurboTax on for 4562 indicates that there is a problem on line 12 BUT all the numbers seem to add up. I have no other activities to "allocate" this deduction but TT is complaining.
What to do / what are my options? Thanks.
March 24, 2022
12:59 PM