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Investors & landlords
Having this same error on the Schedule E Worksheet, Carryovers to 2022 Smart Worksheet line A in the Regular Tax column while using 2022 TT Home & Business having automatically imported data from 2021 TT Home & Business return. Error reads Sec 179 Carryforward-Reg should not be entered, because this rental property is not a commercial property. Fields were all auto populated from the 2021 TT data import; the property is indeed residential rental as it was on last years return and it reported a loss in 2021. All carryforward fields were populated by TT from 2021 to 2022.
March 8, 2023
10:49 AM