sec 179 on a business vehicle

[llfcpa]

I am inputting sec 179 on a business vehicle on a schedule C (more than 50% use) -- they system will not calculate this - is there a problem with utilizing this on a schedule C (as opposed to a 1120s, etc.)

[Terry53029]

Is the vehicle over 6000 pounds

[llfcpa]

yes, it is a 7,050 lb truck

[Terry53029]

Program works fine, you must have data entry omission. Did you fill out the car/truck worksheet in its entirety

[llfcpa]

i thought i had - i will go through again, thanks for your input

[sjrcpa]

Does the Sch C have a loss?

[abctax55]

Why §179 instead of bonus depreciation?

[IRonMaN]

Some states starting with M have an allergic reaction to bonus depreciation but don't mind section 179 😉

[abctax55]

Same with a certain C state.... so bonus Fed/ §179 on the state up to the max.

[abctax55]

But if there IS a loss on the Sch C.... bonus depreciation might not be a good idea anyway.  A classic 'it depends' situation.

NMI from the OP as there aren't enough details to give informed advice.  Or, to even answer why § 179 isn't being generated.