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mickjaros
New Member

I receive an error message that indicates Sect 179 carryforward should not be entered because not commercial? How do I get rid of this error?

Sect 179 carryforward not enter

 

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PatriciaV
Employee Tax Expert

I receive an error message that indicates Sect 179 carryforward should not be entered because not commercial? How do I get rid of this error?

You will need to remove the Section 179 carryover in order to e-file your return. To avoid losing the deduction, you have the option to amend return that created the Sec 179 carryover and take bonus/regular depreciation instead.

 

See IRS Pub 946 Section 179 Eligible Property for information on the section 179 deduction. "Property you acquire only for the production of income, such as investment property, rental property (if renting property is not your trade or business [ie: passive income]), and property that produces royalties, does not qualify."

 

This experience has been identified and forwarded to our technical support team for further investigation. We don't expect a resolution before final filing deadline for tax year 2023.

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