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Business & farm
Here are the steps to allow for your section 179 allowance:
- Update your business entries
- On the screen that says Let's gather your business info
- Update Business Income and Expenses
- Edit your business
- On the screen that says Your (name of business) Business
- Update Business Vehicle Expense under Business Expenses
- Edit the vehicle that you will see listed, or add it if not done already
- Review or enter the vehicle name, type and date put into service and continue through the screens
- You will see an option to either take the standard deduction or deduct your actual expenses, you need to choose the actual expenses option
- Work through the questions and eventually you will see a screen that says Do you want to take the Special Depreciation Allowance?, answer "yes" to that question and you will be allowed the section 179 deduction.
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