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PP
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  • Re: vehicle section 179 deduction

    Phew - never new I would be going through these in such detail. I did read the "Deductions in years after the recovery period." That is applicable only if the t...
    PP
    1
    Updated Mar 23, 2025

  • Re: vehicle section 179 deduction

    Hi there, I don't think that is correct... the automobile depreciation is a 5 year period so the discussion of 7 year doesn't make sense to me.What's interestin...
    PP
    3
    Updated Mar 23, 2025

  • Re: vehicle section 179 deduction

    Btw here is the snapshot from Turbotax itself... but the software does not follow this. Has anyone figured out a work around ?ThanksTurboTax Tip:Your maximum de...
    PP
    Updated Mar 23, 2025

  • Re: vehicle section 179 deduction

    Thank you for the response. This is incredibly frustrating as I have been using TT for a while and would have preferred using TT platform. May I ask if you went...
    PP
    Updated Mar 23, 2025

  • Re: vehicle section 179 deduction

    Hi Did anyone finally figure this out. I am in the same boat :My auto is < 6000 lbs and only used for business. I took section 179 in 2023 along with bonus depr...
    PP
    10
    Updated Mar 23, 2025
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