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I have a section 179 carrover on form 4562 line 13 because of a net operating loss. Can i use 100% of the carryover for a deduction on next years income tax and how?
Will turbo tax see the section 179 carryover when I import my 2018 tax to 2019 automatically? Where will the carryover deduction show up in turbo tax? Will there be any limitations assuming my business has a large net profit?
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‎June 3, 2019
1:58 PM