I am using Online Turbotax.
I did some research that referred me to Form 4562, but I am not able to get to this form, to make changes, because the Online Turbotax does not allow it.
Please help.
This is the error I am getting
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You can look at your form 4562 from 2020 and you will see the correct section 179 carryover amount listed on line 13. If it is the same as the number you see above on line 24, then you may have entered a new asset in 2021 and entered a section 179 deduction from a previous year for it. If so, try deleting the section 179 amount from the previous year to see if that removes the error message.
If the amount on line 13 on the previous year form 4562 is different from the entry above, then change the amount in the box on the error screen to equal the amount on line 13.
Also, if you deleted an asset that had a carryover section 179 loss that could create a problem. If so, try re-entering it and if that resolves the error message, make sure you enter the correct information when you report the disposition of the asset.
You can look at your form 4562 from 2020 and you will see the correct section 179 carryover amount listed on line 13. If it is the same as the number you see above on line 24, then you may have entered a new asset in 2021 and entered a section 179 deduction from a previous year for it. If so, try deleting the section 179 amount from the previous year to see if that removes the error message.
If the amount on line 13 on the previous year form 4562 is different from the entry above, then change the amount in the box on the error screen to equal the amount on line 13.
Also, if you deleted an asset that had a carryover section 179 loss that could create a problem. If so, try re-entering it and if that resolves the error message, make sure you enter the correct information when you report the disposition of the asset.
if i cannot fix the section 179 error will i be able to file my taxes anyway?
Once you complete your tax return you should run your review to see if you have any filing errors. If you have a filing error relating to Section 179 carryovers, you can print your 2021 Tax return with all supporting worksheets and Forms the "Tools" as follows:
For TurboTax Online:
You may report a Section 179 Depreciation Carryover from a prior year on your current return. By entering this on your current return, the carryover will be available next year if you cannot use the deduction this year.
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