http://blog.turbotax.intuit.com/2011/03/15/understanding-7-new-small-business-tax-cuts/ It's all about the refund Tue, 21 May 2013 20:45:12 +0000 hourly 1 http://wordpress.com/ http://blog.turbotax.intuit.com/2011/03/15/understanding-7-new-small-business-tax-cuts/#comment-27705 Wed, 16 Mar 2011 19:58:00 +0000 http://blog.turbotax.intuit.com/?p=5697#comment-27705 I’m using Turbotax Home & Business to prepare my 2010 tax return. I’m a sole prop, using a Sch C. I purchased a new SUV (<6,000 gwt) on 09/01/10 for my business, to replace my business vehicle that was already fully depreciated. What do I need to do to get Turbotax to use Section 179 deprecation for the new vechile? According to the IRS: If you take the special depreciation allowance for qualified passenger automobiles placed in service in 2010, the limit is $11,060.

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