Section 179

Is the Section 179 deduction right for your rental real estate?  Yes, it is a great way to write off your new roof, HVAC, and other items.  But will the owners be able to take the deduction if they are not active in the rental activity?  In fact, is your rental too much of an “investment” activity to qualify?  Can you pass the “15% of rental income” test?  Do you have partners or shareholders who are trusts?  Or, will you lose the benefit by paying more tax than expected on the ultimate sale?  Before you count on writing off your entire improvement list this year, know your way around the rules.