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1065 - 179 Carryover, EBIE Carryforward

TaxGirl3
Level 5

1065 has a Section 179 carryover and an Excess Business Interest Expense carryforward (tiered partnership).  Report as M-1/M-3 adjustments?

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sjrcpa
Level 15

Yes. Deductions on books not on tax return.


Ex-AllStar

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1 Comment 1
sjrcpa
Level 15

Yes. Deductions on books not on tax return.


Ex-AllStar