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Deductions & credits
I was reading that the tax cut and jobs act was allowing section 179 depreciation for new roofs on commercial buildings (now qualified real property). I am confused that some say it has to be depreciated over 39yrs. I have $19000 in rental income, more than enough to cover the $8000 roof. Turbo tax will not allow the deduction?
March 2, 2020
6:38 AM