Section 179 Expense Elected Too Large

Forum|Forum|6 years ago
February 17, 2020
1 reply
22 views

Under Part VI- Vehicle Depreciation Information Car & Truck Expense Work Sheet

What do enter for item Number 34. Enter the amount of Section 179 expense elected? When I enter the total cost of the vehicle purchase (same number for iten Number 33) TurboTax says : "Sec. 179 is too large"

Please advise

ThomasM125

Level 15

There is a limit of $25,000 on section 179 election for SUV's or most vehicles with a gross vehicle weight of over 6,000 lbs.

There is a limit of $11,160 for section 179 expense for passenger vehicles, and $11,560 for trucks and vans.

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DAHAuthor

Level 2

Thanks. Interesting that adjusting the 179 expense down to the $25000 maximum limit did not negatively impact the amount of my projected refund.

Section 179 Expense Elected Too Large

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