You'll need to sign in or create an account to connect with an expert.
Under the self-employment activity,
You may also see here.
It's too bad that the asset can't be added to the vehicle section of the return. I don't think I can take Section 179 on a vehicle engine... The only option for depreciating the engine under the tools/machinery section is 7 year class life and vehicles are 5 yr class life.
And thank you for your answer.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
HollyP
Employee Tax Expert
Rshirleyjr
Returning Member
cynthiackidder
New Member
user17618569045
New Member
mudtech61
Level 2