KrisD15
Expert Alumni

Deductions & credits

When you enter the truck for the first time into the TurboTax program (since you did not file for the last five years)

the TurboTax program will attempt to determine the prior depreciation. 

The program will use the cost you enter and the year it was placed into service. 

It determines what you took but it claims the depreciation for 2024 only. 

Depreciation is taken yearly. 

Your accountant will determine the depreciation for the prior years that you file.

 

Only if the business use was 50% or greater could section 179 deduction have been taken, and since it was placed into service in 2019, and you did not file, you would select "No", since Section 179 was not taken.

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