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Returning Member
posted Oct 16, 2022 5:38:02 PM

IDC (Sec 179) deductions have disappeared

3 years ago, I set up a 5-year amortization schedule for an IDC (Intangible Drilling Costs) deduction under Sec 179. The following 2 years, the passive deduction was calculated correctly as a business loss (20% each year). However, this year, the loss carry-forward disappeared entirely. I tried several methods to manually enter the data, but there was no way to do it via Q&A.

If I use forms and force it, then I have to manually adjust all cascading values well, so that is not a prime strategy.

Any ideas why TT would drop it (a glitch) and how to re-inform TT about past-year carry-forwards?

Thanks!

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1 Replies
Level 15
Oct 16, 2022 7:33:24 PM