IntuitJim
Employee
Employee

Jeannine, thanks for joining our Community! As IronMan recommended, complete the ProSeries depreciation worksheet and mark business use as 65%. If it is a luxury auto (less than 6,000 pounds), then the luxury auto limit will be $18,000 * 65%=$11,700. If not a luxury auto, then 65% of the basis of the auto $65,000 = $42,250 is eligible for 100% bonus depreciation.

Caution: you can elect not to use bonus depreciation and take a smaller deduction for 2018. While your Uber driver may be happy with a full write off in 2018, they may not be as happy in 2019 if they have $0 deduction….so consider the multi-year implications.   Thanks for using ProSeries!

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