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
In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
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
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- HOW IS THE NC SECTION 179 ADDBACK CALCULATED
HOW IS THE NC SECTION 179 ADDBACK CALCULATED
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
pruss
Level 2
04-09-2023
11:56 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have prepared a 2022 returns for a NC S corp and am now preparing individual returns for the shareholders who NC residents. The Section 179 addbacks are not calculating the same way for the two individual shareholders. In fact I can't back into either calculation on NC. It looks like one is overstated and one is understated. The carryover Section 179 deductions from 2017 and 2019 are working perfectly. Has anyone else had difficulty following the NC addback calculation for 2022?
Labels
