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Business & farm
I already filed an amendment today and I did a schedule C. It did not prompt me for Schedule F. Yes, it is a working farm and LLC. Also, when filed with schedule C, it did not deduct the complete value of the vehicle even though I mentioned 100% was used for business. Tractor expense was $25K and it only reduced my taxes by $14k. I don’t think it used the bonus depreciation. Will that be part of schedule C? Tried calling customer support to talk to a specialist, but looks like they are closed today
November 5, 2022
6:46 AM