Investors & landlords

Your Section 179 deduction is also limited to your business' net income for the year—you can't deduct more money than you made. For example, if you have net income of $50,000 before taking the Section 179 deduction into account, and you purchased $60,000 worth of eligible property, your deduction is limited to $50,000.

If this applies, you have other options for deducting the cost of your new appliances for your rental property in their first year of service other than the 179 deduction. 

Any disallowed 179 deductions can be carried over to the next year, however.