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April 23, 2021
Question

Business Asset - Option for section 179 deduction

  • April 23, 2021
  • 1 reply
  • 0 views

Can I claim a section 179 deduction, of a new building we built for business use on a residential property we are renting or do I have to let it depreciate over the 39 years.  I don't think we will be  renting this house for 39 years. 

1 reply

Rick19744
Employee
April 23, 2021

Duplicate question.  

*A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.