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Deductions & credits
Section 179 is only allowed if the rental activity rises to the level of a "trade or business".
TurboTax automatically assumes it does NOT rise the level of a "trade or business".
If it does rise to the level of a "trade or business", you need to override Line 11 of Form 4562 to add in the rental income.
‎February 25, 2022
12:27 PM