oaklandj
New Member

How to expense under Section 179 a Ford tractor purch in 2017 for $3500. The tractor used 100% in relation t/farmland rental inc on Sch E. How do we do that in Turbo Tax?

 
Anita01
New Member

Investors & landlords

You enter the tractor as an asset in the rental income and expense interview.  After entering all the purchase information, you'll be asked if you want to claim a 179 deduction or deprecate the tractor over time, if the asset type qualifies for a 179.

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oaklandj
New Member

Investors & landlords

We didn t get an option to claim a 179 deduction. I need to talk to a representative.
oaklandj
New Member

Investors & landlords

We want to claim the tractor under part 1 form 4562 as Section 179 property.
Anita01
New Member

Investors & landlords

What asset type did you choose?