- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
I understand the complications with Section 179 deductions and rental property. But suppose I am able to take the deduction. I can't figure out how to do it. Turbotax calculates the amount but it doesn't change anything because it's not connecting the dots between the expense and the associated rental income from the building. The explanation given is that the deduction will be allowed in the future when there is rental income to be offset. But in reality, there is rental income for this building. I opened the form and tried manually adjust it to add the income there, but I can't do it.
‎April 11, 2025
8:52 AM