Solved: Automobile Section 179 (6,000 lbs+)- Full Deduction Question

stevenhendrikse · Apr 2, 2024 1:07:56 PM

I am self employed and in sales and would like to deduct the full amount of a new vehicle (over 6,000 lbs) that was put into service the first week of January 2023. When I add to the automobile expense section of my income, it does not provide me with the 179 full deduction option. Do I need to add the vehicle as an "asset" even though Turbo Tax says not to do this? Surprised TurboTax has not made this more clear, I am sure many others are having this issue with expensing their 6000+ lbs vehicles in 2023. I remmeber when Turbo tax would allow you to add your own tax forms, but I guess no longer. If this was the case I would add form 4562.