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- Re: How to make commercial property rental income, recorded on sch 8825, recognized as "business income" for the sec 179 expense deduction
How to make commercial property rental income, recorded on sch 8825, recognized as "business income" for the sec 179 expense deduction
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KATMARALE
New Member
7 hours ago
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The Depreciation Options wkst is showing -0- "business income" on line 3a as it's pulling from F1065 line 23 and the rental activity is recorded on F8825. No Sec 179 is allowed due to this.
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TaxGuyBill
Level 15
5 hours ago
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@KATMARALE wrote:
"business income" on line 3a
Section 179 is only allowed for a "Trade or Business". ProSeries assumes a rental does not rise to that level. If the rental does rise to the level of a "Trade or Business", you enter the profit/loss on line 3b of the worksheet.
