- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
In December 2021 I bought a new truck for business purposes, real estate property management. I am trying to take a section 179 deduction against the profit for one property and carry forward the remainder, the disallowed portion. It seems to meet the criteria for a section 179 deduction, being for business and costing less than the allowed limits. I expected the section 179 deduction to be allowed up to the profit for the property for 2021 and the remainder to be carried forward to 2022. Instead, I see no deduction. I have answered questions in various ways, do not know if I want "special depreciation" and cannot generate any deduction whatsoever, "0".
March 28, 2022
1:19 PM