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I entered the information in the vehicle section of business expenses, including the purchase price of $63,000 and the total write off was only $153? Is there someplace else that I need ot elect to take the Section 179 deduction?
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In order to claim Section 179 Depreciation on a new vehicle, you must choose Actual Expenses and not the Standard Mileage deduction.
To revise your answers, return to the business where you entered the vehicle and click Edit beside the vehicle you need to work on. Continue through the interview to the page "You've got a standard mileage deduction of $xxx".
[revised 2/23/18 to add screenshot]
I'm having the same problem as Musgrovewood on a 2019 sole proprietor return. I have followed the steps you suggested. I have deleted the vehicle and started over as was suggested in another reply but Turbo Tax will not offer the 179 deduction screen. I have described the vehicle as a GMC HD 2500, selected "Truck over 6,000 pounds", indicated it was purchased new and another business vehicle was traded in, entered the trade difference and the total purchase price, business and total miles, insurance and interest expense, and elected to take actual expense rather than the mileage deduction. Since the vehicle was purchased in mid-December there are minimal expenses. Clearly the vehicle purchase qualifies for section 179 deduction. Why won't Turbo Tax offer this option?
Maybe you just haven't gotten to the screen yet. I entered in my vehicle information and did not see the screen until later going through the turbo tax questions. The screen is under Business income and Expenses and in Blue bold at the top it says:
How much do you wnat to deduct for the business use of this vehicle?
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