bow1point1
Returning Member

Deductions & credits

This is very misleading. Section 179 allows for new or used vehicles (as long as new to you) to be deducted using section 179. I bought a truck in 2022 that had 3k miles on it but was new to me. If I select the vehicle was "not new" it removes section 179 deduction and increases my federal tax due substantially. If I select this vehicle was in fact new it allows for the full section 179 deduction. 

 

Please advise.