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Deductions & credits
Hi, there is still a problem in that procedure because for 2024 and succeeding years, the section 179 deduction decreases and that section does not guide you through it. and also the way it works is that you cannot even put there the bonus depreciation that is only applicable for vehicle, for example 60% of the value for 2024. So Turbo tax should really make sure the self employed under the vehicle should have that option of the tranches of deductible limits for the year since it changes every year. And it should not double because once you put the vehicle under self employed, it calculates a different depreciation while in fact you have already claimed the section 179 portion on the section 179 portion. H&R block was able to clearly put the system in place better than turbo tax.