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Level 2
March 13, 2024
Solved

Section 179 deduction on work van does not transfer to Schedule C

  • March 13, 2024
  • 2 replies
  • 9 views

FACTS: On January 10, 2023 my Sch. C client bought a used heavy duty van he used 89% for work in 2023, the vans has a depreciable basis of $15,808.  I did not include the van in the original 2023 return and I am now doing a 1040X to include depreciation and a $10,000 section 179 deduction.  In the original return I used the standard mileage deduction of 36,000 work-miles.  ISSUE:  doing the 1040X I accessed the auto schedule, entered the $10,000 section 179 (also entered other amounts with the same result) but the depreciation is not reflected in any of the forms – there s no change in the amount due for 2023.  The depreciation is not recognized. The program issued a depreciation schedule for the van with some odd numbers. Intuit customer support (level 1) was unable to resolve my problem.  Any ideas as to I am doing wrong?

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Best answer by sjrcpa

You can take standard mileage rate or the business percent of actual expenses - subject to various rules.

If you still have standard mileage rate in the return you won't get depreciation.

2 replies

sjrcpa
sjrcpaAnswer
Level 15
March 13, 2024

You can take standard mileage rate or the business percent of actual expenses - subject to various rules.

If you still have standard mileage rate in the return you won't get depreciation.

The more I know the more I don’t know.
Intuit Community Champion
March 13, 2024

on the auto work sheet go to line 24 and check box to force method.