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How do I Depreciate a vehicle i bought last year for my business, under 179 form 4562?

 
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Coleen3
Intuit Alumni

How do I Depreciate a vehicle i bought last year for my business, under 179 form 4562?

Enter the vehicle in Business Income under Vehicle. You must own the vehicle and opt for Actual Expenses, not Standard Mileage to arrive at the screen that offers both Section 179 and the Special Allowance.

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