Proseries - Form 1040 - Schedule C - Car and Truck Expense Worksheet

[rudymayoz]

Proseries seems to be computing both the Sec. 179 and bonus depreciation incorrectly. The total amount allowed for a luxury passenger auto under 6k is $20,200 for tax year 2025. Sec. 179 $12,200 and bonus at $8k. The system is computing $12,120 limit for either bonus or Sec. 179. This comes straight off the IRS website. Notice the asterisk for autos added in 2025. Has anyone else dealt with this?

able 2—Limits for Passenger Automobiles (including trucks and vans) Acquired After September 27, 2017, and Placed in Service Before 2026

IF you placed your automobile in service:	AND the number of tax years in which this automobile has been in service is:	THEN the limit on your depreciation and section 179 expense deduction is:
Jan. 1–Dec. 31, 2018	3	$9,600
4 or more	$5,760
Jan. 1–Dec. 31, 2019	3	$9,700
4 or more	$5,760
Jan. 1–Dec. 31, 2020	3	$9,700
4 or more	$5,760
Jan. 1–Dec. 31, 2021	3	$9,800
4 or more	$5,860
Jan. 1–Dec. 31, 2022	3	$10,800
4 or more	$6,460
Jan. 1–Dec. 31, 2023	3	$11,700
4 or more	$6,960
Jan. 1–Dec. 31, 2024	2	$19,800
3	$11,900
Jan. 1–Dec. 31, 2025	1	$12,200*
2	$19,600
* If you take the special depreciation allowance for qualified passenger automobiles acquired after September 27, 2017, and placed in service in 2025, the limit is $20,200.

[sjrcpa]

What's the business use percent?

[IntuitThomasM125]

Per Publication 463, page 23, second column, second paragraph, if bonus depreciation was not allowed, the total first year depreciation allowed would be $12,200.

[rudymayoz]

That’s it. Business percentage is 60% x 20,200 = $12,120 total limitation of Sec.179 and Bonus.