morrisdavid222
Level 1
07-28-2021
02:48 PM
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Publication 946, page 16 says "Rental property does not qualify (if renting property is not your trade or business). I took that to mean it does qualify if renting houses is your trade or business. My client is a real estate professional with around 60 single family rentals. Intuit lets me take the 179 depreciation, but I get an error if any is carried forward from the previous year. Is that not allowed?
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