Line 12 of CA Section 179 worksheet

Forum|Forum|4 years ago
March 20, 2022
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This final edit is preventing my submitting my tax returns electronically. I think this relates to the two limited partnerships for which I sold all my units in 2021 (i.e., Energy Transfer LP and USA Compression Partners LP, for which I had entered into Turbotax the data received the requisite 2021 K-1 schedules). The Turbotax Deluxe application I'm using entered a zero automatically on Line 12, and this seems to be the problem. Turbotax does not allow me to enter a change to that zero on line 12. How do I satisfy this edit (get around this edit) so I can submit my tax returns? What's the problem this edit is trying to address? I've gone over all my Turbotax entries several times and have exhausted everything I can think of. I really need help.

PatriciaV

Employee

California Form 3885A Sec 179 Wks Line 12 is a calculated value that you can't override. Where you fix this issue depends on the source of the Section 179 carryover.

If you know where that carryover appears on your return last year, return to that section of the California State interview and review related adjustments for California to see if you can change the amount of that's coming through to your State return. This would appear on Line 10 of the Sec 179 Wks, which would then be included in Line 12.

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Lloyd8Author

Thank you PatriciaV for your response. The $4,093 I see on line 10 of the 2021 CA Section 179 worksheet seems to come from the 2020 Publicly Traded Partnership Worksheet for 2020 (produced by 2020 Turbotax Deluxe application) for Energy Transfer LP. I note as a curious matter that the same 2020 worksheet for USA Compression Partners LP shows $623, but this $623 "unallowed loss from this partnership" has not made it to line 10 of the 2021 CA Section 179 worksheet. That seems strange. While that is a curious matter, it is not my main concern. Neither of these amounts (i.e., neither the $4,093 nor the $623) is being carried on to line 12. Granted, I don't know if line 12 remaining at zero is the reason my tax return cannot pass this final edit (but I'm guessing that it is), I'm still stuck at a place where I'm unable to submit my tax returns electronically. I did try adding the $4,093 as an adjustment to California (re the California State interview and review). That managed to double the amount on line 10 (an error which I subsequently reversed), it had no affect on line 12. I really need help.