Question
Section 179 taken in partnership not calculated on the personal taxes
My client received a schedule K from his partnership which had around 340k in section 179 which shows in his schedule K (the partnership had enough income that this deduction didn't turn it into loss). When entering the schedule K in his personal taxes, the section 179 number is not deducted from the income and the entire income shows up in page 2 of schedule E. Hoe can I fix this? Thanks
