turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Extension Filers on Sept 25! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

179 Deduction Doesn't affect Ordinary Business Income

Hi,

 

I have $800 in a 179 deduction and I see it on form 4562 but it doesn't seem to affect the amounts for Ordinary Business Income on the front of Form 1065 or the K1's.  On the K-1 I see it but the income isn't affected there.  Where does it come off?

 

Thanks,

Stan

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

179 Deduction Doesn't affect Ordinary Business Income

Duplicate post

179 Deduction Doesn't affect Ordinary Business Income

Sorry, I wasn't sure where to post so I cross-posted.

 

Thanks,

Stan

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies