Section 179 Carryover

[lilly54]

How do I determine my Section 179 carryover? I have my TT created Form 4562 from 2023 but I don't see a line called carryover.

[ThomasM125]

Line 13 of your Form 4562 would be the section 179 loss carryover from 2023 to 2024.

[lilly54]

Why is it a year late and I still need to do this manually?

[PatriciaV]

While TurboTax normally transfers carryovers from last year to your current return, it's possible this function wasn't successful for you this year. But the forms should give you the entry you need.