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Deductions & credits
Thank you, Isabella, for your response. We only have a power unit (tractor truck / semi / rig), no trailer. Originally, after reading several posts on this website, I put the tractor as an asset but didn't feel comfortable assigning it to the category of a trailer (like some people suggested). So today, I did put it under Vehicles and then checked into forms and saw that it was using 3 years for depreciation, which is what I wanted to do. Then, there seemed to be several glitches in Turbotax (in totally different areas) and I decided not to take a chance and filed an extension to check with an accountant. I saw your response after I filed it, but I really do appreciate your time; hopefully, it will help someone else! 🙂
‎May 17, 2021
9:51 PM