We are self-employed filing married jointly, using
Turbotax Home and Business. We purchased a new cargo van over 6000 lbs (Ford
Transit 250) in 2017. When we enter the new vehicle in the Business
Vehicle Expense section, and choose the Actual Vehicle Expenses method we do
not get the option to depreciate the full amount of $31,000. If we enter the vehicle in the Business
Assets section, we do see the section 179 option and can deduct the full
amount. Should we enter the new vehicle under Business Vehicle Expense,
Business Assets, or both? If we have to enter the new vehicle under Business
Vehicle Expense only, how can we take advantage of the section 179 deduction?
Thank you!
