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The return has business income from K-1's $437,157. Turbotax indicates business income of 35,190 on line 12 of Form 4562. The Sec. 179 deduction should be $159,431.
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The return has business income from K-1's $437,157. Turbotax indicates business income of 35,190 on line 12 of Form 4562. The Sec. 179 deduction should be $159,431.
How is business income for line 12 of Form 4562 calculated?
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TurboTax Self Employed Online
‎June 30, 2020
8:49 PM
