Depreciation of single vehicle for two businesses

can't be done in Turbotax

from a prior thread

Yes, you can use the same vehicle for both companies.

You will need to enter the vehicle info into the new business.

You do not need to dispose of the vehicle and reenter it in the new LLC.

The vehicle may only be deprecated in one business.

there is no way to directly allocate between two businesses.

if you allocate cost Turbotax will think you have two vehicles and use the maximum for each.

if you use total cost for both and allocate mileage limits come in on the depreciation since business use limits will apply

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when I tried different methods I could not come to the proper total without fudging the numbers which was then reflected on the 4562