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Deductions & credits
It does not give the option of vehicle in the farm asset section(2023 version). You can enter it as machinery but if you look at the form view, there is a checkbox that asks " is this a truck or van?" Which needs to be addressed.
If you check yes on the form view, then your write off amounts get flagged in red and the form is flagged as incomplete.
It is my understanding that a farm vehicle over 6,000lbs has a yearly write off amount limit that doesn't apply to farm machinery.
Is there a work around for this?
‎April 7, 2025
2:32 PM