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On 1120S Form 4562 - Line 12 Section 179 is not being included in Line 22 Total

MaxGalvin
Level 2

On Form 4562 of S-Corp there is a small amount ($251) of Sec 179 on Line 12, zero carryover on Line 13, and no other depreciation on the form - yet "Total" Line 22 is showing zero.

Shouldn't it be $251?  The directions clearly say "Add amounts from Line 12 (Sec 179), lines 14  through 17" etc.

Thank you.

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1 Comment 1
MaxGalvin
Level 2

I see said the blind man.  Since it's on the K-1 it would not be in Line 22.