I am a landlord of several properties in different states and don't have another job. I bought a heavy SUV (over 6,000 lbs) in 2025 to aid me in managing the properties. I use the vehicle 75% for business. Where in "TurboTax Home & Business 2025" do I enter this purchase and depreciation information? It's not obvious in EasyStep.
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Here is how to enter.
To get the 100% bonus depreciation, the vehicle must be purchased after January 19, 2025. Also, when you enter the purchase price for the vehicle, you will need to adjust that amount by 75% when it asks for the purchase price of the vehicle.
Thanks for your quick reply! I see where I erred initially. After selecting the option for "actual expenses," the next screen listed several expense items, e.g. "Gasoline," but didn't show any lines related to depreciation. I didn't realize that by selecting "Continue," I would proceed to those screens.
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