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    #1

    Sec 179

    Taxpayer received 1099 for rent on land for gas lease. Taxpayer operates a farm and this is his only other income. Taxpayer purchased equipment. I did not think taxpayer could use income from Sch e(gas lease) as income for income limit. My software seems to
    be allowing this. Is it correct that rent income could be used as income to help deduct more of the sec 179 assett??
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    #2
    Sec 179

    Rental income on Schedule E is not used in the calculation of the taxable income limit for Sec 179 deduction.

    What software are you using as it is doing it incorrectly?
    Jiggers, EA

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