How to expense under Section 179 a Ford tractor purch in 2017 for $3500. The tractor used 100% in relation t/farmland rental inc on Sch E. How do we do that in Turbo Tax?

[Anita01 · Accepted solution]

You enter the tractor as an asset in the rental income and expense interview.  After entering all the purchase information, you'll be asked if you want to claim a 179 deduction or deprecate the tractor over time, if the asset type qualifies for a 179.

[oaklandj]

We didn t get an option to claim a 179 deduction. I need to talk to a representative.

[oaklandj]

We want to claim the tractor under part 1 form 4562 as Section 179 property.

[Anita01]

What asset type did you choose?