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Am I allowed to take a Sec 179 on my Sch E rental property? TurboTax was giving me the option to do Sec 179 and I thought this was prohibited. Any thoughts?
PS Not sure if this matters, but I am an active participant and my sch E is showing a loss. I am renting out the first floor while I live on the second floor.
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‎June 1, 2019
1:01 AM