GJD16
Returning Member

Section 179 for depreciation of passenger vehicles

Turbo Tax allowed me to take the full cost of a new vehicle purchased and placed in service for my business in 2022 however, the code states there are limits on this.  $11,200 is the limit in year one or $19,200 if you take the special depreciation allowance.  Is this a glitch in Turbo Tax?  I am using Turbo Tax Home & Business.