I am self employed and in sales and would like to deduct the full amount of a new vehicle (over 6,000 lbs) that was put into service the first week of January 2023.
When I add to the automobile expense section of my income, it does not provide me with the 179 full deduction option.
Do I need to add the vehicle as an "asset" even though Turbo Tax says not to do this?
Surprised TurboTax has not made this more clear, I am sure many others are having this issue with expensing their 6000+ lbs vehicles in 2023.
I remmeber when Turbo tax would allow you to add your own tax forms, but I guess no longer. If this was the case I would add form 4562.
