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You must link (press F9) from line (12/11) on the K-1 for Partnerships and S-Corporations to a Form 4562, and then from line 6a of Form 4562 to a depreciation worksheet. Enter the asset and amount of Section 179 elected on the depreciation worksheet, and then the limitation will be calculated on Part 1 of Form 4562
Tags: federal,form
Section 179 allows more than $108,000 when using Schedule K-1
📚 What This Guide Covers
In this article, you’ll learn how to address: Section 179 allows more than $108,000 when using Schedule K-1.
⚠️ Before You Begin
Before you make changes, make sure you understand what form/year worksheet your client is working in.
📊 Step-by-Step Guide
The limitation is not calculated without a copy of Form 4562 and the depreciation worksheets for each of the Section 179 election properties in the return.
You must link (press F9) from line (12/11) on the K-1 for Partnerships and S-Corporations to a Form 4562, and then from line 6a of Form 4562 to a depreciation worksheet. Enter the asset and amount of Section 179 elected on the depreciation worksheet, and then the limitation will be calculated on Part 1 of Form 4562
❌ Common Errors
If the issue isn’t resolved, confirm you’ve linked the correct worksheet relationship.
📞 Still Need Help?
If you are having trouble, contact our support team:
Phone: 1-800-516-9442
Tags: federal,form