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candaceNY
Level 1
Nov 13, 2025 4:31 PM UTC
Question

depreciation

Can a partnership offset long-term capital gains on a property sold in 2025 using

Section 179 on capital improvements to another property?

 

1 reply

sjrcpa
sjrcpa
Level 15
Nov 13, 2025 4:35 PM UTC

Both items pass through on separate lines on the K-1s.

The partners may be able to "offset". 179 is an ordinary income (Schedule E page 2) deduction while capital gains are Schedule D capital gains

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