Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- Lacerte's North Carolina addback for Sec 179 in S corp module needs attention please
Lacerte's North Carolina addback for Sec 179 in S corp module needs attention please
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Couls Law
Level 3
02-27-2022
12:05 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
North Carolina allows up to $25,000 of section 179 without an addback.
Lacerte is generating the NC Form CD-401S correctly when Sec 179 is $25,000 or less (i.e., no addback), but it's adding back the $25,000 on the Shareholder North Carolina K-1s which is incorrect.
When Sec 179 is over $25,000, the NC 85% addback for the excess is not coming through on the CD-401S and the NC K-1s shows the addback as $25,000 which is not correct.
TY
Labels
