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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"
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March 8, 2025
4:48 PM