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nanafor6
New Member

Are Section 179 expenses carried forward deductible in final year of passive activity partnership?

Can I deduct Section 179 expenses on a passive activity?
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tagteam
Level 15

Are Section 179 expenses carried forward deductible in final year of passive activity partnership?

Suspended passive activity losses are released when you dispose of your entire interest in a taxable transaction.

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tagteam
Level 15

Are Section 179 expenses carried forward deductible in final year of passive activity partnership?

Suspended passive activity losses are released when you dispose of your entire interest in a taxable transaction.

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