JBalchun
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I figured it out.When it asks me for my Section 179 Deduction, I needed to enter $28,900.Because it's a heavy suv, that is the max allowed. This wasn't provided...
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Will turbo tax do this for me?From what I can see, it doesn't do the math for me.Thanks!
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Does that include the bonus depreciation?
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Hello,I'm having the same issue. I have a heavy SUV purchase of $107,788.I select "I'll take the special depreciation allowance" and that's the end of it. It le...
Activity Feed for JBalchun
- Posted Does depreciation start over when you move a property into an LLC? on Deductions & credits. January 27, 2025 1:52 PM
- Posted Re: K-1 for Rental Owners on Investors & landlords. January 22, 2025 7:39 AM
- Posted K-1 for Rental Owners on Investors & landlords. January 10, 2025 1:22 PM
- Posted Re: Heavy SUV bonus depreciation help on Get your taxes done using TurboTax. February 21, 2024 5:54 PM
- Posted Re: Heavy SUV bonus depreciation help on Get your taxes done using TurboTax. February 21, 2024 4:01 AM
- Posted Re: Heavy SUV bonus depreciation help on Get your taxes done using TurboTax. February 20, 2024 12:15 PM
- Posted Re: Heavy SUV bonus depreciation help on Get your taxes done using TurboTax. February 15, 2024 6:13 PM
- Posted I installed an EV charging station at my rental unit. Would this be considered a business EV station where the limit is 30% or 30K, or is it a personal use 30%/ 1K? on Investors & landlords. April 2, 2023 2:40 PM