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Deductions & credits
It took hour to figure out with a supposed tax expert and numerous phone calls. Turbo tax, even with premium, it is not easy to do 179 deduction with bonus depreciation. The software is not intuitive at all.
On your schedule c, you have to add an asset as other and leave the category box empty in order for the 179 workflow to magically appear. This is the worst turbotax experience I had ever had. I can't imagine all the people using turbotax trying to benefit from the latest tax law regarding bonus depreciation. Shame on your turbotax for making such a horrible product. Perhaps the IRS is paying you so people do not benefit from the new tax laws
3 weeks ago