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Deductions & credits
Marilyn,
According to Turbo tax, if you spread the asset over 5 years, as in a balcony repair ( my portion is $1400), the system allows you to do this. If you use section 179, better to take the whole amount as a write off, in my case the amount is $985.
So your answer confuses me.
Thank you,
Cindy
‎February 2, 2021
9:47 AM