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Business & farm
I have a sole proprietorship rental business filing schedule C. I have entered a section 179 deduction for several assets purchased last year and Turbo Tax is NOT warning me I can't use them, even though my business shows a loss and I don't have other income to offset it... Is this is a turbo tax glitch? Should it be telling me that, I can't use the 179 to make my loss enough to not have to pay capital gains on another sale? thanks for your time...
May 5, 2024
7:17 PM