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Business & farm
That's helpful, but I'm still seeing things that don't make sense. When I look at Form 4562, line 11 is a calculated value that's supposed to be the smaller of my business income or line 5 (or 0 if the business income is negative). The number listed there doesn't match my business income - I was showing a loss (even before entering the Section 179 property) and line 11 has a positive number - about 5x bigger than the gross income on my Schedule C.
Two questions:
1. Why isn't line 11 $0?
2. Is there a way to see the source calculation for a calculated field?
‎February 20, 2020
3:24 PM