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How can I enter the new vehicle in Turbo Tax as business vehicle to claim the section 179 deduction? I entered one of vehicles in asset section in 2023 because of this.
I don't want to enter my business vehicle in asset section. But when I entered it as business vehicle, Turbo tax did not give any option to claim either 179 or any deprecation. The same issue happened back in 2022. I had to enter the other vehicle as an asset in 2022 to work around this, then in 2023, when I claimed the vehicle expenses, I had to manually delete the deprecation vehicle section since it is recorded in business asset. Just wanted to know if there is a way, I can just enter the vehicle in vehicle section and claim depreciation when the vehicle is new. Thanks. I use actual expense method.
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March 23, 2025
10:19 AM