First a disclaimer: I haven't filed in the last 5 years.
I'm filing my 2024 return and I have some self-employment income. I have a truck that I use for that purpose and I'm claiming deductions related to the truck. I have not claimed any previous deductions related to this vehicle because I have not filed in the last 5 years, so no section 179. The truck was purchased and put into service in 2019.
I'm receiving an error in TT related to my truck expenses in my review. There are 3 selections it's asking me to enter:
1. AMT Special Depr Allow must be entered.
2. Special Depr Allowance must be entered.
3. Elect 50% must be entered.
I have no idea what I'm supposed to enter here. Since I have no prior year section 179 deductions, can I just enter 0? Should I use the Elect 50% No? Any and all help or insight would be appreciated.
