Yes, that's exactly what it means. Vehicles have limitations on deductions as you see and it's because the IRS takes great strides to eliminate the ability to deduct expenses that may be personal because a vehicle is easily convertible between personal and business use which is how listed property came about.
When you enter it into the vehicle section TurboTax knows the limitations that must be set.
@arlenefernandez
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
