special bonus depreciation

newuser11 — Mon, 09 Mar 2026 08:39:06 GMT

when i enter the vehicle info it says it qualifies for special bonus depreciation does that mean is 100%?

and it doesnt give me the section 179 option just the bonus is that normal? we got the car in july 2021and its only used for work

Re: special bonus depreciation

MayaD — Wed, 09 Mar 2022 18:31:51 GMT

The special depreciation allowance permits you to deduct 100% of the depreciation in the year the asset is placed in service. Generally, this rule can be applied to property with 20 years or less useful life that is placed in service before January 1, 2023.

If you don't want to take it, you can remove form 4562. Here's how:

How do I view and delete forms in TurboTax Online?

Open or continue your return in TurboTax.
In the left menu, select Tax Tools and then Tools.
In the pop-up window Tool Center, choose Delete a form.
Select Delete next to the form

topic special bonus depreciation in Get your taxes done using TurboTax

special bonus depreciation

Re: special bonus depreciation