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Deductions & credits
I am entering vehicle expenses each year on the Car and Truck worksheet.
I looked at 2022 TurboTax return and the Section 179 and Depreciation are at the maximum amount of 14,700 (19200 * 76% business Use). However in 2022, the Asset Life History shows Depreciation not starting until 2028? Why is that? What election did I make?
Thanks
Bob
‎April 4, 2024
4:47 PM