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Where Is The Section 179 Deduction Part In Self-Employed?
Hello-
I am a contractor who works in sales, and I'm attempting to finish my taxes for 2021. Last September, I bought a new truck by taking a loan out. I have signed up for TurboTax Self-Employed, and I'm wanting to take the Section 179 Deduction for the vehicle.
However, I'm stumped. I can't find where I can put this info in on Self-Employed. There's a part that asks me about a carry-over for 2020 or something. But I can't find where I'm supposed to put in the value of my vehicle and claim the Section 179 deduction as it is a business asset.
Can you please help me? Thank you in advance!
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‎April 17, 2022
6:06 PM