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KimAustin
New Member

Tax Year Prior to 2020: Year 2 Bonus Depreciation/Section 179 on vehicle not calculating

I am a CPA and I really struggled with this entire issue.  Here is the link to the article that explains the situation

 

https://www.currentfederaltaxdevelopments.com/blog/2019/2/14/safe-harbor-for-luxury-autos-and-bonus-...

 

If anyone else is running into this problem, I suggest you read the article at this link.  The answer seems to be to amend the prior year return, selecting that you do NOT want to take 179 depreciation.  Then re-start the current year return and import the amended return from the prior year.

mankit
New Member

Tax Year Prior to 2020: Year 2 Bonus Depreciation/Section 179 on vehicle not calculating

This is what happening to me while I am trying to file my current return. May I ask how you solved that problem in the end? I really need some help and I appreciate that you brought this up.

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