Form 4562 line 12 flagged

Forum|Forum|2 years ago
March 11, 2024
6 replies
69 views

The business income limitation Turbotax calculates for line 11 is $1176. The amount it populates on line 12 is the same but upon review Turbotax flags line 12 and will not allow any adjustments and cannot go forward with filing. Turbotax rep had no resolution so any help is appreciated!

TurboTax Online

AnnetteB6

Employee Tax Expert

To clarify the situation, please share the information that is shown for the error on line 12 and whether you are claiming more Section 179 deduction than $1176.

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lemmharris1Author

Level 3

Screenshot attached. First phone call with Turbotax over 2 hours without resolution even removing software and reloading with new license key. Second call the rep insisted I go ahead and file because it could be a system glitch and if it's wrong the IRS will reject it. Not comfortable with that advice! The numbers on 4562 are calculated by the software and it will not allow an override so I'm at a loss where the flag is originating in Turbotax. Thank you for taking a look!