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Level 5
September 30, 2022
Question

J5 Qualified Improvement Property

  • September 30, 2022
  • 2 replies
  • 14 views

Date Placed in Service 05/14/2021   J5 Selected   Economic Stimulus QP = yes

After 9/27/17 = yes

It makes me manually enter the SD Allow under Reg Tax.  Entered same amount as cost.

No matter what I do it does not flow to the 4562.  Please Help!

 

Thanks in advance!

 

 

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2 replies

Just-Lisa-Now-
Intuit Community Champion
October 1, 2022

1040? Sch C or E?  Whats the date acquired?

I'll see what it does for me.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
yeknodAuthor
Level 5
October 1, 2022

Thanks, I really appreciate it

Level 15
October 2, 2022

Is this on a 1040?  If so, it works fine for me.  You shouldn't need to manually fill out the amount on the SDA line, so some box may be mis-checked somewhere.

Try deleting the Asset Entry Worksheet and enter a new one.

yeknodAuthor
Level 5
October 4, 2022

It's a C-Corp.  I have multiple assets and they all do the same thing.

Also, just fyi, I tried one asset with S179 and it is not transferring to the 4562.  Very strange.

 

Thanks!