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I have passive income on a K-1, and an amount for Sec 179. TT is netting the Sec 179 amount against the income (Sch E, line 28h). Why is it treating it this way?
My understanding is that Sec 179 deductions are not allowed for investors who do not actively participate in the conduct of the business (i.e., passive)
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‎October 6, 2024
3:41 PM