You have the choice to claim Section 179 or Special Depreciation or a combination of both.
Section 179 depreciation is subject to recapture (paying back the depreciation expense) if you dispose of the asset before the end of its useful life. You need to enter the dollar amount of Section 179 depreciation you wish to take.
Special "Bonus" Depreciation is a one-time deduction for a portion of the cost of the asset and cannot be recaptured. In most cases, Special Depreciation is a usually a better choice for this reason if it's offered. The allowance for tax year 2024 is 60% of the cost. You don't need to enter a dollar amount - TurboTax will calculate this for you.
As an example, you could take Special Depreciation of 60% of the remainder after taking 40% for Section 179.
Additional Information:
[Edited for clarity 2/5/25 | 8:00 PST]
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