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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,
March 23, 2025
9:47 AM