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Investors & landlords
No, it's the same form information just in a different format it looks like. Since there is not a line for Section 179 on your 3885A you should answer the first question from your original post as "No".
Section 179 is a deduction of the full cost of qualified property used in a trade or business. You can have a Section 179 deduction carryover (because it has limits), Passive Activity Loss Carryovers, and/or At-Risk Loss Carryovers. They are all dependent on different scenarios about your business income.
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‎April 8, 2023
8:33 AM