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Carrybacks and carrying forward
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This article applies to:

  • Product: UltraTax CS
  • Return type: 1040 Individual

Form 4562, Line 10 - carryover of disallowed deduction from Line 13

Refer to the following list for activities and where you can enter the Section 179 carryover in UltraTax CS:
  • Business:
     Go to the
    C-3
     screen, located under the
    Business
     folder, and enter the carryover in the
    Section 179 carryover
     field (located at the bottom of the input screen).
  • Rental:
     Go to the
    Rent-2
     screen, located under the
    Rental
     folder, and enter the carryover in the
    Section 179 carryover
     field (located at the bottom of the input screen).
  • Farm:
     Go to the
    F-3
     screen, located under the
    Farm
     folder, and enter the carryover in the
    Section 179 carryover
     field (located at the bottom of the input screen).
  • Farm Rent:
     Go to the
    4835-2
     screen, located under the
    FarmRent
     folder, and enter the carryover in the
    Section 179 carryover
     field (located at the bottom of the input screen).
  • K1 from a 1065 or 1120S:
     Go to the
    K1-7
     screen, located under the
    K1 1065, 1120S
     folder, and enter the carryover in the
    Section 179 carryover
     field (located at the bottom of the input screen).
  • K1 from a 1041:
     Go to the
    K1-St
     screen, located under the
    K1 1041
     folder, and enter the carryover in the
    Section 179 carryover
     field (located at the bottom of the input screen).
    note
    This is for a Grantor Trust only.

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