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Level 2
February 10, 2024
Question

Can you make a 179 deduction using Turbo Delux?

  • February 10, 2024
  • 3 replies
  • 30 views

I'm trying to deduct my work truck that I purchased in 2023, which I used +60% of time for work.  Can I file this deduction using TurbuTax Delux or must I upgrade?

    3 replies

    DoninGA
    Level 15
    Level 15
    February 10, 2024

    If you are using the TurboTax Deluxe desktop CD/Download edition you can report both your income and expenses for self-employment using that edition.  So it will accept a 179 deduction.

     

    Just a note though, when going through the program and you are entering your SE income and expenses the program will recommend that you upgrade to the Home & Business Edition.  That is Only a recommendation and is Not required.

    handbhartAuthor
    Level 2
    February 10, 2024

    Where do you do this?  

    DoninGA
    Level 15
    Level 15
    February 10, 2024

    @handbhart wrote:

    Where do you do this?  


    Using the Deluxe desktop edition -

    Click on Federal Taxes

    Click on Wages & Income

    Click on I'll choose what I work on

    Scroll down to Business Items

    On Business Income and Expenses (Sch C), click on the start button