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Klynk927
April 14, 2023
Question

In Line 5 of Asset Entry Worksheet, which asset type is a truck greater than 6000 lbs?

  • April 14, 2023
  • 1 reply
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1 reply

AliciaP1
AliciaP1
April 14, 2023

You need to enter trucks as Vehicle Expenses, not Assets.  You will have the opportunity to enter actual expenses rather than the standard mileage deduction to get the benefit of the Section 179 deduction or Bonus depreciation through this process.

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