Section 179 allows taxpayers to deduct the cost of certain property as an expense when the property is placed in service. ... The Section 179 deduction applies to tangible personal property such as machinery and equipment purchased for use in a trade or business, and if the taxpayer elects, qualified real property.
Your rental property is not Section 179 property (although you could have some section 179 assets in place at or in our property).
Residential Rental Property is Section 1250 property. You will have to deal with depreciation recapture when you dispose of the property, to the extent you have a gain in the property.
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