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changed depreciation method by mistake how do I correct it?
took special deprection in 2022 for vehicle. It was MACRS depreciation, accidentally changed it to SL straight line. how do i change it back
posted
a week ago
last updated
April 06, 2025
8:37 PM
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changed depreciation method by mistake how do I correct it?
It depends. TurboTax would automatically change the depreciation method to straight line (SL) if the business use dropped to 50% or less because it is required under the tax law.
- Review the vehicle entry screens to double check the selections and mileage.
Please update here to confirm your business use percentage in 2024 (business miles divided by total miles).
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