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Got new truck 6000+lbs in July 2018 and want to deduct the full cost ($55k) - used 100% business - but TurboTax only gives me deduction of $7,500. Why not a full $55k?
Can I deduct the full $55,000 under 179 and get my income lowered by that much? If so, how do I input it into TurboTax?
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‎June 1, 2019
6:04 PM