hlecpa
Level 2
03-05-2020
04:43 PM
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RollTide68
Level 8
03-05-2020
04:59 PM
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Just put one on a Schedule c and it took 100%
Terry53029
Level 14
03-05-2020
05:09 PM
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Did you fill out the asset worksheet, and is suv used 100% for business
hlecpa
Level 2
03-05-2020
09:18 PM
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If the vehicle is the asset that is being leased out (Schedule E), should it be reported under "Car and Truck Expense" worksheet or should it be reported under the "Asset Entry" Worksheet? Maybe that is where my issue is.
Terry53029
Level 14
03-06-2020
07:51 AM
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You should use car and truck worksheet, but are you saying the truck is leased not owned
hlecpa
Level 2
03-06-2020
10:59 AM
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Well........I deleted my originally entry and then re-input the details and now it is taking 100% bonus depreciation. Same input as previously.......not sure what happened but at least it's allowing it. Thank you for your time!