- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
What's confusing is one person says I can't claim section 179 on a rental - passive activity. Another says it's because I'm not claiming to be a real estate professional, which would make rental activity NOT passive? Confused...
I never "told" TT23 I was a real estate professional, but did say this was a passive rental activity, so why didn't TT23 warn me? Yet in addition to the 4562 form for each property, it created a 4562 Section 179 Summary form with the $12,850 amount which gives me an error in TT24 (see previous posts). ðŸ˜
‎March 31, 2025
5:41 PM