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wmbevill
New Member

eRROR IN REVIEW

On Carryover Worksheet Line 24 (1 COL), in highlighted blue for error, but this is same amount that is on 2020 cw line 24 col 2 : says 179 carryover shown here does not match the sum of the Sec 179 cARRY OVER SHOWN ON EACH INDIVIDUAL ACTIVITY

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1 Reply
MarilynG1
Employee Tax Expert

eRROR IN REVIEW

The amount shown on the carryover worksheet is the total section 179 carryover from all activities in last year's return.

 

If there was 179 carryover generated from multiple activities, add these amounts together to get the total 179 carryover.

 

These could be Schedule K-1's, Schedule C's, etc. When the total of all section 179 carryovers entered equals the amount shown on the Carryover Worksheet, the error will be cleared.

 

If you have more than one Form 4562, add the carryover amounts together (or enter 0 for activities that have no carryover).

 

Click this link for more info on 179 Carryover Error.

 

 

 

 

 

 

 

 

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