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S-Crop claiming section 179 does not affect the business income
S-corp claims section 179 deduction on business equipment.
However, when I updated the amount I noticed that there is no change in the business income on line 1 of K-1. The business had sufficient income, so that's not the issue. When I removed section 179 expense it did not change the business income either. What am I doing wrong?
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‎June 6, 2020
8:41 PM