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Where do I enter Section 179 carryover disallowed in prior year but able to expense this year? Should be Part I of Form 4562 but can’t find it in TurboTax self employed.

 
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1 Reply
Irene2805
Expert Alumni

Where do I enter Section 179 carryover disallowed in prior year but able to expense this year? Should be Part I of Form 4562 but can’t find it in TurboTax self employed.

To enter your section 179 carryover from 2018, please follow these steps:

 

  1. Click on Income and Expenses and then click the Start/Revisit box in the Self-Employment section.
  2. On the Your 2019 self-employed work summary screen, click on Edit next to your business. 
  3. On the Here's your [business] info screen, scroll down to the bottom of the screen, to the Uncommon situations section and click the Edit box next to Carryovers, limitations, at risk information, etc.
  4. On the screen, Do you have any of these other business situations? mark the radio button next to: I have unused section 179 expenses carrying over from 2018 and click Continue.
  5. Enter the amount on the next screen, Let's get your section 179 carryover.
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