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Section 179 deduction for business truck
In August of 2024 I purchased a 2021 truck with a gross weight over 6000 lbs. and a bed over 6.5 long. Turbotax isn't prompting me with a way to enter this as a section 179 deductible asset. I usually use the mileage deduction, but read that this isn't allowed so I tried using the actual expense method instead. Still no luck. What am I missing here?
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March 30, 2025
6:50 PM