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January 31, 2020
Question

business vehicle

  • January 31, 2020
  • 1 reply
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So on my 2017 taxes I took the 179 deduction for a used 2011 work truck. On 2018 taxes, turbotax recognized that and on my actual expenses, did not add more depreciation. However, for 2019 there is obviously a glitch and it is giving me a huge depreciation write off for this same vehicle, which makes no sense because the actual miles on the truck are less than the other truck, expenses are less, no interest on this one, less insurance, and it shouldn't be giving me depreciation at all? Do I have to manually correct this or do turbotax workers read this and address problems.

    1 reply

    February 2, 2020

    Sorry . I was mistaken about what was happening with this on the program. It was only a typol

     

    VictoriaD75
    February 2, 2020

    I believe by your statement above, you have resolved your issue. For your reference, here is some information about deducting business vehicle expenses. 

     

    Business Use of Vehicle

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