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Level 2
posted Apr 27, 2021 5:03:57 PM

Form 4562 line 12: section 179 expense deduction error

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 -  

0 3 905
3 Replies
Level 3
Apr 27, 2021 6:12:11 PM

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

Level 2
Apr 29, 2021 9:34:01 AM

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

Level 3
Apr 29, 2021 1:34:35 PM

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.