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Get your taxes done using TurboTax
You are not getting a deduction because you can't take Section 179 for rental property, except for qualified improvement property. You can take bonus depreciation.
To qualify for the section 179 deduction, your property must have been acquired for use in your trade or business.
Property you acquire only for the production of income, such as investment property, rental property (if renting property is not your trade or business), and property that produces royalties, does not qualify.
March 7, 2022
5:34 AM