TaxGuyBill
Level 15
01-17-2025
12:24 PM
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Does the rental rise to the level of a "Trade or Business"?
Section 179 is only allowed for a "Trade or Business" and ProSeries automatically assumes a rental does NOT rise to that level.
If the rental does rise to the level of a Trade or Business, then you go to line 11 of Form 4562 and either enter the business income directly or double-click it to add the business income.