How to enter Carryover of Disallowed 179 deduction

Forum|Forum|6 years ago
April 7, 2020
2 replies
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I have a new client with carryover of disallowed 179 on the prior year tax return. I can not find where to enter that amount so that it shows on Form 4562 line 10.

Lacerte Tax

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Best answer by itonewbie

You'd need to go to the input screen for the activity for which §179 was disallowed. For example, for Sch C, you'd use Screen 16, scroll down to the Depreciation, Depletion, & Amortization section, and enter the amount for Section 179 carryover (and for AMT, if different). For Sch E, you'd use Screen 18 and scroll down to the Depreciation, Depletion, & Amortization section. You get the idea...

itonewbieAnswer

Level 15

You'd need to go to the input screen for the activity for which §179 was disallowed. For example, for Sch C, you'd use Screen 16, scroll down to the Depreciation, Depletion, & Amortization section, and enter the amount for Section 179 carryover (and for AMT, if different). For Sch E, you'd use Screen 18 and scroll down to the Depreciation, Depletion, & Amortization section. You get the idea...

---------------------------------------------------------------------------------Still an AllStar

M

MpooleAuthor

Level 2

Thanks

itonewbie

Level 15

NP, @Mpoole.. If the response solved your problem, you may consider marking it a solution for the benefit of others who have similar questions.

---------------------------------------------------------------------------------Still an AllStar

M

MpooleAuthor

Level 2

Found it! Completely missed the (press F1 to where to enter carryover). Found the spot on Depreciation and Amortization section of Sch F/ Sch C, section 179 carryover.

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