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Returning Member
posted Feb 10, 2024 2:04:47 PM

Can you make a 179 deduction using Turbo Delux?

I'm trying to deduct my work truck that I purchased in 2023, which I used +60% of time for work.  Can I file this deduction using TurbuTax Delux or must I upgrade?

0 3 290
3 Replies
Level 15
Feb 10, 2024 2:10:58 PM

If you are using the TurboTax Deluxe desktop CD/Download edition you can report both your income and expenses for self-employment using that edition.  So it will accept a 179 deduction.

 

Just a note though, when going through the program and you are entering your SE income and expenses the program will recommend that you upgrade to the Home & Business Edition.  That is Only a recommendation and is Not required.

Returning Member
Feb 10, 2024 2:32:00 PM

Where do you do this?  

Level 15
Feb 10, 2024 3:16:50 PM


@handbhart wrote:

Where do you do this?  


Using the Deluxe desktop edition -

Click on Federal Taxes

Click on Wages & Income

Click on I'll choose what I work on

Scroll down to Business Items

On Business Income and Expenses (Sch C), click on the start button