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Section 179 (or bonus depreciation) vehicle

In 2018 we purchased a business vehicle over 6000 lbs for $54k

I attempted to depreciate over 5 years and was given a schedule of 18k yr 1 (18k went to section 179 and $1,809 was regular depreciation), $13,746 yr 2, $8,247 yr 3, $4,948 year 4, and the remainder this year. 179 image 2.PNG179 image 1.PNG

While doing my taxes this year it is asking about the bonus depreciation that we took. I assume it is the 18k but I'm not sure since box 25 is blank in my 2018 taxes. 

In my 2022 taxes I am getting an error under part VI section i and j as it is asking for Special Depreciation Allowance and/or AMT Special Depreciation Allowance. 

Any help is appreciated. 

 

 

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3 Replies
AliciaP1
Expert Alumni

Section 179 (or bonus depreciation) vehicle

In your situation, bonus depreciation for this vehicle is $0.  You took a partial Section 179 deduction and depreciated the remainder of the value, but did not take any bonus depreciation.  You need to leave the bonus depreciation question blank. 

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Section 179 (or bonus depreciation) vehicle

I appreciate your reply. For the 2022 tax form, do you think I should change ‘question ‘e’ to N/A from ‘yes’?

AliciaP1
Expert Alumni

Section 179 (or bonus depreciation) vehicle

Yes, that is what you need to do.

 

@Lryan_10 

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