Asking a question

[athaureaux6]

Hi everybody

For a SUV  that weights 8500 pounds, 100% business use, how do you elect to apply Sect. 179 before the bonus depreciation. In 2023 it Section 179 will be limited to 28,900 for (heavy vehicles 6000 to 14000 pounds). Is there an option to click about that? 

Thank you and have a great day

[sjrcpa]

Bonus depreciation is the default treatment by law. You have to elect out of it to use Section 179.

I don't use ProSeries so don't know how to do that in your software.

[Just-Lisa-Now-]

In the Car and Trick Worksheet, when you scroll down to the section where you enter the purchase info you should find the place for the bonus and 179 options.

[Terry53029]

@Just-Lisa-Now- How do we find that "TRICK"  worksheet. 😁

[Just-Lisa-Now-]

they gotta go any put too many vowels next to each other on the keyboard!  LOL

[TaxGuyBill]

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@athaureaux6 wrote:

how do you elect to apply Sect. 179 before the bonus depreciation.

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When you enter the amount for Section 179, the program takes that first.  Then it does other depreciation on the remaining amount.