Section 179 deduction for business truck

Forum|Forum|1 year ago
March 31, 2025
1 reply
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In August of 2024 I purchased a 2021 truck with a gross weight over 6000 lbs. and a bed over 6.5 long. Turbotax isn't prompting me with a way to enter this as a section 179 deductible asset. I usually use the mileage deduction, but read that this isn't allowed so I tried using the actual expense method instead. Still no luck. What am I missing here?

TurboTax Self Employed Online

ThomasM125

You must indicate that you purchased a new vehicle and your business use must of over 50% to be able to take the section 179 deduction. You should go back through your vehicle entries and make sure you answered those questions accurately.

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