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Business & farm
Maybe not. Last year I plugged it in as a Type G Asset, which was simply for "General Purpose Machinery"... So I'm thinking it may not have registered properly as the same vehicle being discussed in the Vehicles section? But under Assets in 2017, it shows my purchase price of $21460 under the Section 179 column, with a Placed in Service date of 06/03/2017. Would it not fully depreciate since the service date was halfway through the year? That may explain why it is giving me a $12,000 deduction under Vehicle Expenses, even though I only have $4800 in actual expenses entered.
Not sure where I should look to see what I have for the vehicle carried over from last year...
Not sure where I should look to see what I have for the vehicle carried over from last year...
‎June 1, 2019
1:09 PM