Turbotax is complaing that on Schedule E - Eligible Sec 179 property should not be checked Yes. Only Tangible personal property is eligible for the Section 179 deduction.
This is what TT shows
Check This Entry
| Schedule E Worksheet -- Asset Entry Worksheet (Mortgage Loan Points): Eligible Sec 179 property should not be checked YES. Only tangible personal property is eligible for the Section 179 deduction. |
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Option 1: No entry Option 2: Eligible Sec 179, Yes Option 3: Eligible Sec 179, No |
And on Schedule E line 42 YES is selected
