- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Thank you very much. However, my question is whether the Section 179 deduction is available for a vehicle purchased in September 2023, and immediately placed in service at that time? The vehicle is used 90% for business, yet TurboTax is calculating the percentage at less than 50% because the vehicle was purchased in September. That appears to be a glitch re the software. For example, if the vehicle was used 5000 miles in 2023, and 4500 miles was business, the business use percentage should be 90% However, in this case, TurboTax is calculating the percentage at roughly 25% because the vehicle was only in service for roughly 3 months. This prevents the Section 179 deduction.
‎April 5, 2024
5:30 AM