About stanhook

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Solved Re: 179 Deduction doesn't seem to come off of form 1065

Hi,Okay. So when I use TT for Home and Business I will see the deduction there. Is that right?Thanks,Stan

stanhook

1

Updated Sep 15, 2024
Solved Re: 179 Deduction doesn't seem to come off of form 1065

Hi,The deduction is only $800 and the total income for both partners is less than 190K.Stan

stanhook

3

Updated Sep 15, 2024
Re: 179 Deduction Doesn't affect Ordinary Business Income

Sorry, I wasn't sure where to post so I cross-posted.Thanks,Stan

stanhook

Updated Sep 15, 2024
Solved Re: 179 Deduction doesn't seem to come off of form 1065

Hi,Thanks for answering.I see that there. But the Ordinary Income (K-1, Line 1) is not affected. Where does the income actually reflect the deduction?Thanks,Sta...

stanhook

Updated Sep 15, 2024

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Date Registered	‎September 15, 2024 11:32 AM
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