Turbo tax says since my vehicle purchase was used 85% for business maximum section 179 deduction is zero - this doesn't make sense - i think its a glitch
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Turbo tax says since my vehicle purchase was used 85% for business maximum section 179 deduction is zero - this doesn't make sense - i think its a glitch

 
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Anonymous
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Turbo tax says since my vehicle purchase was used 85% for business maximum section 179 deduction is zero - this doesn't make sense - i think its a glitch

does your schedule C show a profit? 

New Member

Turbo tax says since my vehicle purchase was used 85% for business maximum section 179 deduction is zero - this doesn't make sense - i think its a glitch

It does - the full cost of the vehicle would take it negative but the % it calculates (and doesnt allow) based on milage is less than the income
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