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September 15, 2024
Question

179 Deduction Doesn't affect Ordinary Business Income

  • September 15, 2024
  • 1 reply
  • 0 views

Hi,

 

I have $800 in a 179 deduction and I see it on form 4562 but it doesn't seem to affect the amounts for Ordinary Business Income on the front of Form 1065 or the K1's.  On the K-1 I see it but the income isn't affected there.  Where does it come off?

 

Thanks,

Stan

1 reply

Employee
September 15, 2024

Duplicate post

stanhookAuthor
September 15, 2024

Sorry, I wasn't sure where to post so I cross-posted.

 

Thanks,

Stan