I try to correct a number in my depreciation of a vehicle that I have stopped using all together for business. Hind-sight, I should have just left it because out of service date was 12/31/21. I can't seem to get the numbers changed...I think it must be somewhere in my federal and it's being drug over to the state. ?? help??
Some states don't allow the same depreciation as the federal. What state are you in? What does the error say?
Some states don't allow the same depreciation as the federal. What state are you in? What does the error say?
It’s just about the percentage of value I guess? The vehicle was a 2011 Ford Edge sport. It was purchased for $48k and was given a 3900$ trade in value , but not until the 1st of Jan 2022. It died on me literally the 30th of dec. what I really want to do is be able to change the whole removed from services so it does not create an issue.
Go back to the federal and remove the car from the sale of business property.