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April 7, 2025
Question

How can I file section 179 depreciation on a heavy duty truck purchased in 2024? IT doesn't give me the option when vehicle is entered on turbo tax.

  • April 7, 2025
  • 1 reply
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    1 reply

    April 7, 2025

    try entering the lower of cost or 12500 (or less) 

     

     

    the 179 deduction is limited to net income before the 179 deduction.