KrisD15
Expert Alumni

Investors & landlords

To clarify, have you ever reported using Section 179 deduction for your rental property? 

Section 179 is usually not usable for a rental, although people have over-ridden and taken Section 179 on their Schedule E. Sometimes the loss is not used that year and carries forward  The following year there is an "unclaimed loss" but, at the same time, it is also an "Unallowed Loss" 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"