ThomasM125
Expert Alumni

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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