Deductions & credits

Thanks for your response!

My K-1 did report income equal to roughly 3x the Section 179 deduction.   Form 4562 doesn't seem to ask for the reported income and Line 12 is computed a $0.00 and Line 13 gives a 2022 carry-over of the full amount of Section 179 deduction listed on my K-1.

 

Hope this helps ... and, thanks again.