PKCPAMST
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 5
		
	
				
		
	
		
			
    
	
		
		
		05-05-2021
	
		
		04:15 AM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
			- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Here is the solution:
Go to Screen 22 - Other Schedule K Items. Select Section - 179 Deduction (4562) (the very last section)and go to the field "Taxable income for limitation (O)" and enter the Section 179 carryover amount. That will zero out Line 13 - Carryover of disallowed deduction to 2021 on Form 4562, without affecting the balance sheet.