AliciaP1
Expert Alumni

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.

 

@chapinreyes 

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