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Level 2
April 28, 2021
Question

Form 4562 line 12: section 179 expense deduction error

  • April 28, 2021
  • 1 reply
  • 0 views

Form 4562 line 12: section 179 expense deduction. Line 11 is 0 but it will not accept line 12 as 0. Line 12 cannot be more than line 11. Anyone now how to fix this?

- I'm a SCorp, of which was already filed, and I'm working on completing our personal taxes.

- I qualify for this deduction.

 

See screen shot -  

    1 reply

    Level 4
    April 28, 2021

    if you entered the zero, just delete it.  If not, try overriding the entry and put 0.

    Level 2
    April 29, 2021

    Hi, I didn't enter the 0, and override feature is not functional for this entry that TurboTax put in.

    Level 4
    April 29, 2021

    In that case you'll need to open a ticket with Intuit.  Maybe one of their experts here will help but it might be faster to open the ticket.  Hard to determine since they're most likely very busy now.