There is a Error on the State return shows MD dose not allow sec 179 deduction on qualified real property for the date his asset was placed in service
I have tried to use car as asset, it allow me to use it. Dose that mean MD state dose not allow Sec 179 to use on other purpos
Thanks
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You cannot use the section 179 deduction for real property, a rental house for instance.
Residential rental real estate is not and has not ever been eligible for the SEC179 deduction on any tax return, ever.
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