@jeffntexas wrote:
rent out to a commercial business.
Is this an external unit? If so, as a commercial/business rental, it is depreciated over 39 years using straight-line.
However, does this rental rise to the level of a "trade or business"? If so, HVAC for a commercial/business rental can use Section 179. But IF that is the case, you will need to adjust line 11 of Form 4562 to include the gain/loss of the rental. I am unsure if that can be done on the online version or not.
