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William104
Returning Member

Sectio 179 carryover

I am getting an error on the "carryover worksheet". Turbotax is indicating my value in line 24 does not match the sum of each each activity. I have 4 individual rental homes but only 1 has any carryover activity listed. It matched what is entered on line 24 and it matches the amount identified in my 2022 Turbotax documents.

What do I need to do to correct his error?

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4 Replies
CatinaT1
Expert Alumni

Sectio 179 carryover

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William104
Returning Member

Sectio 179 carryover

Yes, I have TT updated. It seems to update everyother time I log on to my desktop.

Could the problem this Section 179 carrover from 2022 is assigned to a rental property I converted to personal usage in 2023?  If i change the carryovr loss t $0, TT removes the error flag. 

mcdurfy
New Member

Sectio 179 carryover

I had a similar situation except that I sold the property in 2022.  TT showed the Sect 179 carryover on the carryover worksheet and then told me that I had an error.  I changed the carryover to zero and the error went away.  I think TT needs to fix their program to account for Sect 179 carryovers when the rental property/business is no longer in-use.

William104
Returning Member

Sectio 179 carryover

Thanks for your reply.

Seems strange. I am hoping someone from TT would respond....they seem to reply on others that imply TT is making an error.

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