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Deductions & credits
Thanks so much! Question for you. I’m on this screen and it’s askimg me how much Secrion 179 deduction to take. I have a Tesla Model X heavy SUV (>6000 lb GVWR) which qualifies for $25k section 179 PLUS 100% bonus depreciation. In that event, do I list here $25,000 and let TurboTax calculate the 100% bonus depreciation OR do I list the 100% (business use was 100%) value of the car that I paid when I acquired it? Thanks!!
June 6, 2019
10:56 AM