Ok. my comments below:
The issue is that you claimed (or tried to claim) Section 179 for rental assets when you were not a real estate professional.
So, you're saying the IRS only allows Section 179 for rental assets for real estate professionals? Hmmm...
You could amend the 2023 tax year return and not claim the section 179 deduction on the assets.
You can also enter zero as the carry-over for 2024 which might mean losing depreciable value.
Yes - I could do that, and lose the carryover, but you're saying I'm not allowed 179, so no carryover??
Can you see on your 2023 tax year return how much in Section 179 you were claiming,
Yes -$12,850 - please see previous postings
how much was the carry-over None was carryover from previous to 2023, the $12,850 was the amount of 179 I was was trying to claim in 2023.
and if you had a loss on the rental that year. (if yes, how much?)
in 2023, $2,666 rental gain - not loss
