Yes, you can. When you enter the asset in the Assets/Depreciation section the program will give you the option to elect the SEC 179 deduction. But you may find it not worthwhile and of no tax benefit at all in the tax year placed in service. That's because traditionally, residential rental property operates at an ever increasing loss with each passing year, and the losses just get carried over year to year. This is especially true if there is a mortgage on the property. So with assets placed in service that total to $10,300 using your figures, you may just be shooting yourself in the foot in future years if you take the SEC 179. But it doesn't hurt to work it both ways to see if there is any difference to make it worth while. Overall though, I don't recommend the SEC 179 deduction if it's not going to make an "appreciable" impact on your tax liability.
So in conclusion, if you have a mortgage on the property, I doubt SEC179 will be of any tax benefit in the tax year you claim it for, anyway.
