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Resolved:Schedule K-1 for an S Corp K-1, Box 11 Section 179 Qualified Real Property Not Used

Updated: 4/08/2011

Article ID: SLN48683

When entering information for a Schedule K-1 (1120S) S-Corp, for Box 11, on the the following screen this box is present - Section 179 Qualified Real Property.

If you enter you section 179 expense in this field, it will not calculate in your return.

Solution

This issue has been resolved in a recent TurboTax update.

Once the update is applied you will need to enter the section 179 deduction on the first field on this screen - Section 179 Deduction from 2010.

For assistance with updating TurboTax, please visit the How To Update TurboTax support article.

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