The amount shown here is the total section 179 carryover from all activities in last year's return.
In order for this amount to be properly deducted in this year's return, you must also enter the carryover on the activity that originally generated the deduction. Check your carryovers for each activity from 2020.
"In this year's return, enter the carryovers for each activity as follows:
* Schedule C, Schedule E page 1, Schedule F, and Form 4835, enter on line A of the "Carryovers to 2021 Smart Worksheet" on those forms
* Form 2106, enter on Line A of the "Depreciation Information Smart Worksheet" on the Form 2106 Adjustments Worksheet
* Schedule A, enter on line A of the "Depreciation Smart Worksheet" on the Miscellaneous Itemized Deductions Worksheet
* Partnerships, enter on line 1, Box 12: Section 179 deduction on Schedule K-1 Partnership Additional Info 1
* S Corporations, enter on line 1, Box 11: Section 179 deduction on Schedule K-1 S Additional Info 1
* For K-1 Partnership supplemental business expenses, enter on Line A of "Depreciation Information Smart Worksheet" on the Supplemental Business Expenses Worksheet."
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