Level 3

Wisconsin S-Corporation Amendment for Sec 179 Election.

Forum|Forum|6 years ago
March 2, 2020
1 reply
13 views

Does anyone know if I can amend a 2018 Wisconsin S-Corporation return and take the Sec 179 election? In error it wasn't taken on the original return, but it was for federal purposes.

WISC S-Corp Sec 179

This topic has been closed for replies.

T

Terry53029

Intuit Community Champion

Yes, note this is new for amended returns

To file an amended Wisconsin return, put a check mark in
the space next to item A1 on the front of the return, complete
the return, and include Schedule AR to provide an explanation of any changes made. Show computations in detail, including any applicable supplemental forms or schedules.
Also show how you figured your refund or additional
amount owed. Do not attach a copy of the original return.

here is a link for complete instructions: https://www.revenue.wi.gov/TaxForms2017through2019/2018-Form5S-Inst.pdf

B

Brink18Author

Level 3

Sorry, my question wasn't about how to prepare an amended return in Lacerte, it was whether Wisconsin accepts an amended return for purposes of the Sec 179 election. Thanks for your response-I didn't word the question in more detail.

T

Terry53029

Intuit Community Champion

My answer was yes, you can amend for sec 179, also was just pointing out some new instructions this year for amended returns for S-Corps

Sign up

Login with SSO

Let's get you signed in

Login with SSO

Scanning file for viruses.

This file cannot be downloaded