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Ethan
Returning Member

I am not able to use Maryalnd state Sec179 on the State return to deduct up $25000

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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2 Replies
ThomasM125
Expert Alumni

I am not able to use Maryalnd state Sec179 on the State return to deduct up $25000

You cannot use the section 179 deduction for real property, a rental house for instance. 

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Carl
Level 15

I am not able to use Maryalnd state Sec179 on the State return to deduct up $25000

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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