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help70
New Member

Form 4562 Line 12 Error

Line 11 shows 0 and it should have the business income in it.  How do I input Line 11?

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2 Replies
JamesG1
Expert Alumni

Form 4562 Line 12 Error

On IRS form 4562 Depreciation and Amortization, line 11 is reporting $0.

 

The total cost you can deduct is limited to your taxable income from the active conduct of a trade or business during the year.  Are you reporting the activity as a passive investor?

 

 

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help70
New Member

Form 4562 Line 12 Error

Thank you.  I was reporting as active not passive.

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