Section 179 disallowed

[Stupidasur3]

This makes no sense to me.  I have rental property that qualifies as a business and I select that option in TurboTax, but it disallows any Section 179 deductions.  I have Mobile Home park which is my only source of income.  I have 30 spaces and 10 mobile homes that I rent.  I file Sch E.

I can select the Special Bonus Depreciation with no problem, but I just don't understand why TurboTax doesn't recognize me as a business even though I make the business selection within the program.

[Anonymous]

when you take section 179, if possible look at form 4562. the one that combines all business activities.  it may be that you have a net business loss in which case section 179 is not allowed.  bonus does not have the same limitation. 

this is a guess, we can not see your return 

[Stupidasur3]

Nope. I've never operated at a loss and all properties are showing income.  I just elected the Special Depreciation to get around it, but I've had this happen in the past, and thought I would ask the question.  Thanks

[Anonymous]

we can't see your return so don't know why.  you would need to elect 179 then print out the 4562 to see why.  it should show up in part I of that form.