PP
Returning Member

Deductions & credits

Hi Did anyone finally figure this out. I am in the same boat :

My auto is < 6000 lbs and only used for business. I took section 179 in 2023 along with bonus depreciation resulting a depreciation of $20200. However, for 2024, turbotax is only calculating $2297 which is way below what the limits are. What am I missing ? Any help would be greatly appreciated. 

Thanks,