jtw100
Returning Member

Section 179 depreciation and/or special depreciation allowance

I have read multiple responses to questions on this topic but I am still confused.  I have rentals that are considered a business even without using the special harbor.  I bought a vehicle in 2020 and placed it in service.  It is used greater than 50% for the rentals.  I go through the schedule e questions on vehicle costs where it lets me add the vehicle, its in service, the miles to show above 50%, answer yes if used by a person who owns > 5% business, the other questions on if I use it for like UBER work (which I don't) until I get to the page which asks how much of the section 179 depreciation I want to take and if I want to take the special depreciation deduction.  I believe under section 179 I should be able to take 100% of the vehicle cost.  But, if I add the vehicle amount to the section 179 box and choose the special depreciation, I get less of a rebate than if I choose the special depreciation.  The special depreciation only allows up to the positive income I earned on the rentals.  I've tried different variations but Turbotax seems to not like this as at times it won't get me back to the page with the section 179 box and the question on choosing the special depreciation.  Is there a bug in this section of Turbotax?  In addition, Turbo tax is saying I'm electing OUT of the Qualified Economic Stimulus Property which is NOT what I want.  Appreciate any help here.  Also would ask TurboTax to redo this section to make it more straightforward.  It shouldn't be this difficult, especially since TurboTax mantra is to save you maximum money on your taxes!!!!  I've had more issues this year with TurboTax than ever.  I couldn't even get my disc to download right and had to go to the website to get it downloaded.