Investors & landlords

You cannot claim section 179 depreciation for residential rental property, it only applies to commercial rentals. That is why you are being denied the deduction. Here a link where you can learn more: 

Section 179 depreciation

While looking at the instructions for line 1 of form 4562, I don't see any reference to the value of the section 179 property, only a mention that it can't exceed $1,080,000 to qualify. In any case, TurboTax populates that figure in that line one no matter how much section 179 property you are declaring, so I don't think that has any bearing on your issue.

@dginil  {Edited 3/3/23 at 6:11 AM PST}