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candaceNY
Level 1
11-13-2025
10:31 AM
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Can a partnership offset long-term capital gains on a property sold in 2025 using
Section 179 on capital improvements to another property?
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sjrcpa
Level 15
11-13-2025
10:35 AM
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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
The more I know the more I don’t know.
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