Question

Schedule C (Janitorial) -- Car & Truck Expenses Worksheet (Kia Forte): Prior depreciation-1 must be entered. If none, enter zero.What does that mean>>

Forum|Forum|6 years ago
June 5, 2019
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TurboTax Self Employed Online

if this is the first year that you have claimed the vehicle, you enter "0". If, however, you have claimed the vehicle in the past, you must enter the amounts you have claimed for depreciation in the past. That amount will be on your past tax forms (if you used TurboTax in the past, it should be automatically transferred). It could be that you have never declared depreciation despite using the vehicle over more than the past year, in which case you enter "0". In future, Turbotax will automatically enter the total claimed past depreciaition.

C

csmith2803942

Can you specify the specific form and item number to find Schedule C -- Car & Truck Expenses Worksheet: Prior depreciation? where should I look on my last years return to find last years depreciation rate.