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Investors & landlords
It appears that Turbo Tax 2021 did not handle my Section 179 Deduction properly in order for me to get my $8000 mini split system improvement to my residential rental property deduction. It seems the software should have recommended depreciation over useful life of the system rather than disallowing the section 179 deduction. Now, here we are in 2022 and your expert is telling me I can't carryover on my form 4562 my section 179 deduction from last year. That is unacceptable for an accounting software to say all is lost! Please come up with a better solution so I can submit my Federal Taxes this year.
Thank you in advance!
March 28, 2023
8:35 AM