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lilly54
March 29, 2025
Question

Section 179 Carryover

  • March 29, 2025
  • 1 reply
  • 0 views

How do I determine my Section 179 carryover? I have my TT created Form 4562 from 2023 but I don't see a line called carryover.

    1 reply

    T
    ThomasM125
    March 31, 2025

    Line 13 of your Form 4562 would be the section 179 loss carryover from 2023 to 2024.

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      L
      lilly54Author
      April 7, 2025

      Why is it a year late and I still need to do this manually?

      PatriciaV
      PatriciaV
      Employee
      April 8, 2025

      While TurboTax normally transfers carryovers from last year to your current return, it's possible this function wasn't successful for you this year. But the forms should give you the entry you need.

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