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Check This Entry Form 4562: Section 179 Summary: Line 10

SOLVEDby TurboTaxTurboTax Windows100Updated December 17, 2021

Some customers using TurboTax Business are seeing this error:

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Fix

In order to resolve this issue:

  1. Select Forms in the top right corner
  2. Select Sec 179 Limit from the forms in the gray column
  3. Take note of the amounts on Line 10 and Line 11
  4. If you have Form 4562 listed in the forms in the gray column:
    1. Select Form 4562
    2. Locate the box titled Section 179 Information by Activity for K-1 Reporting (beneath Line 11)
    3. Type the amounts from Line 10 and Line 11 (from Step 3) into rows B and C, column A (see image below)
  5. If you have Form K-1 Partnership
    1. Select Form K-1 Partnership
    2. Locate the box titled Section 179 Information by Activity for K-1 Reporting (beneath Line 11)
    3. Type the amounts from Line 10 and Line 11 (from Step 3) into Form K-1 Partnership, column A (see image below)
  6. Return to Step-by-Step
  7. Run Review again

5405.1.png

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