Form 4562 Line 12 Error

Forum|Forum|2 years ago
April 2, 2024
1 reply
3 views

Line 11 shows 0 and it should have the business income in it. How do I input Line 11?

JamesG1

Level 15

On IRS form 4562 Depreciation and Amortization, line 11 is reporting $0.

The total cost you can deduct is limited to your taxable income from the active conduct of a trade or business during the year. Are you reporting the activity as a passive investor?

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help70Author

Level 2

Thank you. I was reporting as active not passive.

Form 4562 Line 12 Error

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