digitalsdc
Returning Member

How does landlord of multiple properties enter section 179 (or bonus depreciation) expense?

I have 5 properties I own and manage and purchased a 6,000+ lb SUV and utility trailer in 2020 specifically in support of that business. I understand I can either take bonus depreciation or Section 179 to depreciate the entire expense in the year 2020. However, I can't figure out how to make that happen in TurboTax Premier. Please help... 

 

Thanks!