Bob OR
New Member

Error found in Depreciation and Section 179 limit for Luxury Cars

Smart check found one error for Depreciation and Section 179 limit for Luxury Cars. But it showed red in line 34 and said the amount should be less than in line 35.

 

What should I enter in line 35?

I purchased GEL 350 in 2022 with ca. $64K and should be able to deduct Ca.$61K (95% of business use)  in 2022.  I though the limit is ca. $1MM for section 179

lmit error.JPG