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.
03555
3 Replies
ThomasM125
Employee Tax Expert
Mar 31, 2025 10:36:58 AM
Line 13 of your Form 4562 would be the section 179 loss carryover from 2023 to 2024.
lilly54
Level 4
Apr 6, 2025 5:44:34 PM
Why is it a year late and I still need to do this manually?
PatriciaV
Employee Tax Expert
Apr 8, 2025 12:08:34 PM
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.