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Level 2

Solved

Section 179 Dialog Box

7 replies
99 views

On the page "How much do you want to deduct for the business use of this vehicle?"

I do not understand what type of number should be going in the dialog box. A percentage of the vehicle price? The entire price? A percentage number?

PatriciaVAnswer

Alumni - Intuit

Enter the dollar amount of the Section 179 deduction you wish to take for the current tax year. The help screen you posted shows that the deduction is limited to your net income (profit) for the year. Otherwise, enter a number between $1 and the total cost of the vehicle.

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PatriciaVAnswer

Alumni - Intuit

Enter the dollar amount of the Section 179 deduction you wish to take for the current tax year. The help screen you posted shows that the deduction is limited to your net income (profit) for the year. Otherwise, enter a number between $1 and the total cost of the vehicle.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

douglassimonsAuthor

Level 2

Just wanted to say thanks. I figured so but did not want to send this away to the irs wrong.