(2023 tax year) Inputing farm truck into assetts.

[NSUSA]

• It does not give the option of vehicle in the farm asset section(2023 version). You can enter it as machinery but if you look at the "form view, " there is a checkbox that asks " is this a truck or van?" Which needs to be addressed.

  If you check yes on the form view, then your write off amounts get flagged in red and the form is flagged as incomplete. 

  It is my understanding that a farm vehicle over 6,000lbs has a yearly write off amount limit that doesn't apply to farm machinery. 

• The vehicle in question is a diesel truck >6,000lbs with a >6' cargo area(bed).

• Is there a work around for this?

[PatriciaV]

Did you enter this under the Vehicle topic or under Farm Assets? If you entered this as a Farm Asset, delete that entry from the list of assets, then go to the Vehicle section so you can designate this as a truck >6,000.

In some versions of TurboTax, you need to work through the Farming interview to find the Vehicle section. Other versions have a Farming Income and Expenses summary page. Farm Vehicles is a separate topic after expenses and before assets.