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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.
March 25, 2022
12:18 PM