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Deductions & credits
I finally found the area to input Section 179 items for my business. My wife does not have Section 179 items. Turbo Tax shows 0 dollars for carryover and it looks like it has reduced our overall income (my wife's) by the amount that was not covered by my income. I had 41K income for this business with 90K of deductions.
This seems to be different than you state. Just wondering if anyone else will chime in. Should I expect to have to amend anything and re-send?
March 6, 2024
1:02 PM