TaxGuyBill
Level 15
07-30-2022
10:39 AM
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I should add one more thing: In order to qualify for §179, then rental needs to rise to the level of a "trade or business". If the rental does not rise to that level, it does not qualify for §179.
If this is their only rental property, I opinion is that that most circumstances would NOT rise to the level of a "trade or business", and therefore not qualify for §179.