TaxGuyBill
Level 15
03-09-2025
01:34 PM
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@Devildog8589 wrote:
the software will not flow the Sec 179 to the K-1
Section 179 is only allowed for a "Trade or Business".
ProSeries automatically assumes a rental property does NOT rise to the level of a Trade or Business.
Does your client's rental rise to the level of a Trade or Business?
If so, look at line 11 of Form 4562. Double click it for the Depreciation Options sheet and enter the rental profit [well, that is how it is done with 1040s; I suspect it is the same for the 1065).