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New Member
posted Mar 9, 2022 10:18:01 AM

Form 4562 Line 12

The error-locating portion of turbo tax is telling me that I need to reallocate the section 179 expense deduction as I have exceeded the maximum allowable. It is pointing me to Line 12 on that schedule but will not allow me to delete the previous number and enter a new number. How do I fix this? Thank you!

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2 Replies
Expert Alumni
Mar 9, 2022 10:28:42 AM

You will have to go back to the Asset Entry part (usually in Business Expenses or Rental Income) to make the correction.  

New Member
Mar 9, 2022 10:31:41 AM

Thank you so much!!