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Deductions & credits
If you took a 179 Deduction for an expense in the year it was incurred, you don't also depreciate it.
The 179 Deduction is a one-time deduction that is used to fully expense an item, rather than depreciate it over time as an Asset, so these items should be removed as 'Assets' for your Rental Property.
Click this link for more info on the 179 Deduction.
This link gives info on How to Report Sale of Rental Property.
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‎February 2, 2021
11:09 AM