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Level 1
February 26, 2025
Question

How to make commercial property rental income, recorded on sch 8825, recognized as "business income" for the sec 179 expense deduction

  • February 26, 2025
  • 1 reply
  • 10 views

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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1 reply

Level 15
February 26, 2025

@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.