TexCPA
Level 3
08-13-2022
03:20 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
It seems wrong, but it is supposed to be on the M-1, because it goes directly to the shareholder's K-1 box 17K. So the amount is not on Schedule K per se. You should find a report attached with the shareholder's K-1 showing the Section 179 taken. That will be reported on the 1040.