llfcpa
Level 3
10-16-2023
09:32 AM
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I am inputting sec 179 on a business vehicle on a schedule C (more than 50% use) -- they system will not calculate this - is there a problem with utilizing this on a schedule C (as opposed to a 1120s, etc.)
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Level 15
10-16-2023
10:35 AM
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Is the vehicle over 6000 pounds
llfcpa
Level 3
10-16-2023
10:51 AM
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yes, it is a 7,050 lb truck
Level 15
10-16-2023
11:05 AM
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Program works fine, you must have data entry omission. Did you fill out the car/truck worksheet in its entirety
abctax55
Level 15
10-16-2023
01:31 PM
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But if there IS a loss on the Sch C.... bonus depreciation might not be a good idea anyway. A classic 'it depends' situation.
NMI from the OP as there aren't enough details to give informed advice. Or, to even answer why § 179 isn't being generated.
HumanKind... Be Both