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Section 179 carryover for a vacation rental property shows as an error
An error is flagged in my Schedule E Worksheet. It shows up under "Carryovers to 2024 Smart Worksheet", in the "Regular Tax" column on Line A "Section 179 Carryover". The error is flagged as "Check This Entry" and reads "Schedule E Worksheet: Sec 179 Carryforward-Reg should not be entered, because this is not a commercial property". But I didn't enter this manually and it was carried forward from a tax return prior to 2018 (it shows up further down on the worksheet in the "Regular Tax" column, under "Disallowed Section 179 Deduction by Year, Line A "Before 2018". It wasn't something I ever entered manually and the software has never complained about it before. How should I resolve this?
‎February 19, 2025
1:20 PM