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Turbo tax says since my vehicle purchase was used 85% for business maximum section 179 deduction is zero - this doesn't make sense - i think its a glitch
mitchelljbauer
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Turbo tax says since my vehicle purchase was used 85% for business maximum section 179 deduction is zero - this doesn't make sense - i think its a glitch
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TurboTax Self Employed Online
June 4, 2019
4:12 PM
Anonymous
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does your schedule C show a profit?
June 4, 2019
4:12 PM
mitchelljbauer
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It does - the full cost of the vehicle would take it negative but the % it calculates (and doesnt allow) based on milage is less than the income
June 4, 2019
4:12 PM
