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Did you have a profit? You cannot claim Section 179 deduction if you have a loss. The unclaimed portion of section 179 deduction will be carried over to future years. TurboTax will recognize this situation and carry over the surplus.
Yes, it was my main source of income and I had a profit. The odd thing is changing the date from April to January as I said enables the option to have a one-time deduction based on the value of my car from my income.
TurboTax insists on prorating your first year depreciation by the days in service.
next year you will get 365 days of depreciation.
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