Yes, if you use TurboTax in a year you had a Section 179 deduction, TurboTax will carry any unused amount to the next year's TurboTax return when the prior year tax file is used to start the current year tax return. TurboTax Download/CD customers must have access to the prior year tax file on the computer they are using, and TurboTax Online users must use the same account used in the prior year.
Yes, if you use TurboTax in a year you had a Section 179 deduction, TurboTax will carry any unused amount to the next year's TurboTax return when the prior year tax file is used to start the current year tax return. TurboTax Download/CD customers must have access to the prior year tax file on the computer they are using, and TurboTax Online users must use the same account used in the prior year.
I'm having problems filling my tax 2020 because its saying that my 2019 section 179 expense is not correct on my carryovers from last year can I please talk to someone
I have a copy in front of me and the amounts are the same but its telling me its not
I also what to know if I have to report a sale of land purchase
if yes where do i put the purchase pls let me talk to someone on the phone
1. Sec 179 should just be a confirmation but if you need help, you can fill this form out for someone to call you.
2. Sale of land must be reported, not purchase of land. To report the sale: