andyak
Returning Member

Heavy SUV bonus depreciation help

Small Bus.

Bought ford expo 7400lb for 40000 in august 2023

 

I cannot get any prompt in turbotax to take bonus depreciation - it was there in 2022 version... any ideas?

 

It seems I can enter vehicle as asset and 179 it but it would be limited to $28900  (per current pub 463 which isn't final - maybe this is why bonus dep is not in turbotax 2023 yet???)   Is it true that bonus depreciation would not be limited like the sec 179 ?

 

Thanks,

Andy