The limitation is not calculated without a copy of Form 4562 and the depreciation worksheets for each of the Section 179 election properties in return.
You must link (press F9) from the line (12/11) on the K-1 for Partnerships and S-Corporations to Form 4562 and then from line 6a of Form 4562 to a depreciation worksheet. Enter the asset and amount of Section 179 elected on the depreciation worksheet, and then the limitation will be calculated on Part 1 of Form 4562
This information applies to all years of the UltimateTax software.
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