Bonus depreciation/Section 179

Forum|Forum|6 months ago
March 22, 2026
1 reply
71 views

I am unable to select the bonus depreciation for 2 vehicles purchased after May 2025, trying to amend an s-corp return. I would prefer not to use Section 179. Please advise why this is not an option.

TurboTax Business Windows

ReneV4

Level 8

If TurboTax is not allowing you to select Bonus Depreciation at all, be sure to check the following:

Business use must be 50% or more. If used less than 50%, Bonus Depreciation is not allowed and you will need to use Straight-Line Depreciation
The "luxury auto" limit (Vehicles under 6,000 lbs, Bonus Depreciation is capped at $20,200)
Ensure the Date Placed in Service is 2025
If the original return opted out of Bonus Depreciation for 5-year property, you may not be able to change the election without IRS permission

Although you would prefer not to use Section 179, it does allow you to deduct up to 100% of the cost (up to specific limits). However, the S-Corp is required to have taxable income, since you cannot use Section 179 to create a loss, like you can if you elect to use Bonus Depreciation.

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