Depreciation on vehicles is a little different than other business assets. You are limited to $18,100 with bonus depreciation for 2019. Just enter the vehicle as a business asset, and the software will help you determine your depreciation.
Follow these steps:
- From the Federal menu, click on Income & Expenses
- Expand the menu for Self-Employment
- Click Start/Revisit next to Self-employment income & expenses
- Edit next to the business
- Click Review next to Vehicle
- Enter the information on the screens that follow
Business Use of Vehicles
Vehicle Depreciation Limits
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