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Bonus Depreciation Car and Truck Worksheet

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Level 3

In the car expenses worksheet, how do you elect bonus depreciation for a light truck acquired in 2019?

I entered the vehicle cost ($30k) on line 31 but don't see the bonus depreciation amount or any option beyond 179 - business use is 100 percent. 

Many thanks!

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Level 15
Level 15

Car and Truck worksheet Line 34, economic stimulus....isnt that bonus depreciation?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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Level 15
Level 15

Car and Truck worksheet Line 34, economic stimulus....isnt that bonus depreciation?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

View solution in original post

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Level 3

That's the ticket! Perfect and many thanks.