I have a vacation home that I rent out sometimes. I have previous years' losses on the property. Now, this year's TurboTax is asking, "Enter any section 179 expense deduction that was disallowed in 2021. Check last year's Form 4562 (Depreciation and Amortization) for this information."
I am looking at 2021 Form 4562 and have no idea where to find this information! Could someone please guide me to which line I need to be looking for? And what is the difference between "section 179 carryover" and "QBI section 179 carryover?"
Thanks in advance!
