topic Re: Section 179 Carryover in Get your taxes done using TurboTax

Section 179 Carryover

lilly54 — Sat, 29 Mar 2025 17:47:53 GMT

How do I determine my Section 179 carryover? I have my TT created Form 4562 from 2023 but I don't see a line called carryover.

Re: Section 179 Carryover

ThomasM125 — Mon, 31 Mar 2025 17:36:58 GMT

Line 13 of your Form 4562 would be the section 179 loss carryover from 2023 to 2024.

Re: Section 179 Carryover

lilly54 — Mon, 07 Apr 2025 00:44:34 GMT

Why is it a year late and I still need to do this manually?

Re: Section 179 Carryover

PatriciaV — Tue, 08 Apr 2025 19:08:34 GMT

While TurboTax normally transfers carryovers from last year to your current return, it's possible this function wasn't successful for you this year. But the forms should give you the entry you need.