lwong18
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Thank you for your response. I did go thru the Dispose of Business Property screens for each of the two assets. The difference is the Turbotax Business software...
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The disallowed section 179 deduction related to two assets which I disposed of in 2024. I do not believe the carryforward should be applicable to 2025.
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Thank you for your response. I will double check that the basis is calculated based on the information provided. However, where do I go in the Turbotax Business...
Activity Feed for lwong18
- Posted Re: In TT Business, how do I remove a Section 179 carryforward (due to prior year income limitati... on Business & farm. February 12, 2025 8:18 AM
- Posted Re: In TT Business, how do I remove a Section 179 carryforward (due to prior year income limitati... on Business & farm. February 12, 2025 7:11 AM
- Posted Re: In TT Business, how do I remove a Section 179 carryforward (due to prior year income limitati... on Business & farm. February 11, 2025 1:26 PM
- Posted In TT Business, how do I remove a Section 179 carryforward (due to prior year income limitation) for an asset I disposed of in current year? on Business & farm. January 27, 2025 12:03 PM