topic How do I use sec 179 deduction to deduct 100% of the cost of a new truck with turbo tax self-employed? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-do-i-use-sec-179-deduction-to-deduct-100-of-the-cost-of-a-new-truck-with-turbo-tax-self-employed/01/1766428#M166811 Thu, 31 Dec 2020 15:09:43 GMT rt1115 2020-12-31T15:09:43Z How do I use sec 179 deduction to deduct 100% of the cost of a new truck with turbo tax self-employed? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-do-i-use-sec-179-deduction-to-deduct-100-of-the-cost-of-a-new-truck-with-turbo-tax-self-employed/01/1766428#M166811 Thu, 31 Dec 2020 15:09:43 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-do-i-use-sec-179-deduction-to-deduct-100-of-the-cost-of-a-new-truck-with-turbo-tax-self-employed/01/1766428#M166811 rt1115 2020-12-31T15:09:43Z Re: How do I use sec 179 deduction to deduct 100% of the cost of a new truck with turbo tax self-employed? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-how-do-i-use-sec-179-deduction-to-deduct-100-of-the-cost-of-a-new-truck-with-turbo-tax-self/01/1766547#M166820 <P>You need to enter the asset (truck) in the<EM> Business Expenses</EM> section (<EM>Business Vehicle Expense</EM>) of the program.</P> <P>&nbsp;</P> <P>Note that there are income limitations for the Section 179 deduction and also a maximum amount allowed for light trucks (under 6,000 lbs).</P> Thu, 31 Dec 2020 16:04:28 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-how-do-i-use-sec-179-deduction-to-deduct-100-of-the-cost-of-a-new-truck-with-turbo-tax-self/01/1766547#M166820 Anonymous_ 2020-12-31T16:04:28Z