PatriciaV
Employee Tax Expert

State tax filing

On the page "How much do you want to deduct for the business use of this vehicle?", under the Section 179 deduction box, you should see a note about Special Depreciation. If you check the box for "I'll take the special depreciation allowance," Section 168 will be applied. 

 

While TurboTax doesn't specifically call this Section 168, it is special bonus depreciation that can be used with or without a Section 179 deduction. Depending on the type of asset you enter, you may receive a 100% or 50% special depreciation allowance. You can confirm the result on the Car & Truck Expenses Worksheet for this vehicle under Part VI (this is a TurboTax worksheet and not an IRS form).

 

If you don't see this option at first, go back to the mileage entry screen and check the box for "I'll enter my beginning and ending odometer readings..." In some cases, this triggers the special depreciation option. 

 

Be sure you are choosing to enter actual expenses so TurboTax calculates depreciation. Also confirm that you want to stick with actual expenses (usually highlighted as "recommended") at the end.

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