jonesylevin
Level 2
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f4562 is Depreciation and Amoritization. Its located in the menu just under Schedule E.line 11 is the Business Income Limitation. While in 'Forms' and not 'Step...
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I found the answer! It is a problem with the way Turbo Tax calculates business income on f4562. Line 11 only populates income from Sch C, Sch F, and K-1s. Nothi...
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thank you for that suggestion.However, the QBI is calculated and deducted, implying TurboTax qualifies me as a business.
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Thank you for taking a guess. But neither is true.1) I'm a single filer2) I'm an active participant in my rentalThe program seems to be disallowing the deductio...
Activity Feed for jonesylevin
- Posted Re: I can't seem to take the 179 deduction, although I have rental income to cover it. It seems the worksheet has my rental income as zero, therefore disallowing it. on Investors & landlords. April 15, 2025 3:26 PM
- Got Cheered for Re: I can't seem to take the 179 deduction, although I have rental income to cover it. It seems the worksheet has my rental income as zero, therefore disallowing it.. April 15, 2025 2:36 PM
- Posted Re: I can't seem to take the 179 deduction, although I have rental income to cover it. It seems the worksheet has my rental income as zero, therefore disallowing it. on Investors & landlords. March 31, 2025 10:39 AM
- Posted Re: I can't seem to take the 179 deduction, although I have rental income to cover it. It seems the worksheet has my rental income as zero, therefore disallowing it. on Investors & landlords. March 30, 2025 2:42 PM
- Posted Re: I can't seem to take the 179 deduction, although I have rental income to cover it. It seems t... on Investors & landlords. March 30, 2025 2:12 PM
- Posted I can't seem to take the 179 deduction, although I have rental income to cover it. It seems the worksheet has my rental income as zero, therefore disallowing it. on Investors & landlords. March 30, 2025 1:30 PM