Business & farm


@DawnC wrote:

To deduct Sect 179 expense, your activity must be from commercial property (check your property type) and be a trade or business, using Schedule C.    There is a Learn More link that explains it is not allowed when going through the interview.  

 

Although there are several restrictions with Section 179 in relation to rental property, it does NOT need to be for a commercial property.  If the Learn More link says that, that is REALLY outdated.  That changed somewhere around 2017/2018.