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Investors & landlords
hmmm, but TT is allowing me to take sec 179 deductions for current year on my other residential rental properties (5yr property from cost-seg study, i.e. furnishings and equipment). It adds them to the total schedule E depreciation number, no errors. The only error is with the carryover amount from 2021.
I would think if you were not allowed section 179 deduction for anything related to residential rental, then it would not allow it in the current year either? But it seems to be fine with that.
March 30, 2023
10:39 AM