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July 9, 2020
Question

Sold a business car and it is saying that my depreciation is too large on the car and truck expenses worksheet

  • July 9, 2020
  • 1 reply
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sold a business car and it is saying that my depreciation is too large on the car and truck expenses worksheet

1 reply

July 9, 2020

TurboTax can not calculate the sale from an asset (such as a vehicle) that has varied in business percentage from year to year.  As such, you can NOT enter the sale in the vehicle section (or the asset section).  You would need to either manually calculate the number and enter it in the "Sale of Business Property" section, or go to a tax professional.