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pbp
Level 4
April 15, 2023
Question

Limit 179 election

  • April 15, 2023
  • 1 reply
  • 5 views

 have a section 179 deduction from a K-1 that has been limited.  I received an error message saying that I should reallocate the deduction, etc.  How do I reallocate this deduction when I only had a section 179 deduction on one K-1 activity?

This was posted earlier 

I have the same problem

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1 reply

dascpa
dascpa
Level 11
April 15, 2023

On the K-1 data entry worksheet, go into the QuickZoom just below the Sec 179 entry line.  On line 2 enter the limited amount.  The balance will be carried forward automatically.

 

    P
    pbpAuthor
    Level 4
    April 16, 2023

    Thank you!!!!

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