Section 179

Forum|Forum|6 years ago
March 8, 2020
1 reply
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How do I select section 179 depreciation for a vehicle in 2019 turbo tax deluxe? It isn't giving me the option. It is only letting me take special depreciation of all of it. I have income to deduct it against and the vehicle weighs over 6,000 pounds. Help would be appreciated.

ColeenD3

Level 15

Is this in the business or rental section?

dolly620Author

Level 2

Business . Schedule C

Irene2805

Level 15

You must use the vehicle at least 50 percent for business purposes. If personal use exceeds the 50 percent cap, you'll have to depreciate the item instead.

To enter 179 information on your business vehicle in TurboTax Deluxe, please follow these steps:

On the screen Your [XX] Business, under Business Expenses, click the Update box next to Business Vehicle Expense.
On the Vehicle Summary, click Edit next to the vehicle.
Continue to the screen, How much do you want to deduct for the business use of this vehicle?
TurboTax has calculated the total amount of 179 you can take. Enter the amount you wish to take in the box. and click Continue. See screenshot below.)