@CarolynM,
we purchased a used car in 2018 and we are trying to get this bonus depreciation.
When we were going through the TurboTax screens, it asked us "Did you purchase your car new?". It then gives us 2 choices:
- Yes, I purchased this vehicle new.
- No, this vehicle was used when I bought it.
When we select "used", the TurboTax system DOES NOT let us get the bonus depreciation.
However, if we select "new", the TurboTax system WILL let us get the bonus depreciation.
Question:
Why isn't the TurboTax system letting us get the bonus depreciation when we select "used"? Is this a bug in the TurboTax system?
