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GrapeMike
Returning Member

Depreciation for Business Use % for Farm truck is not correct.

Purchased new truck 11/21.  Mileage is entered as  64% business, but TurboTax is calculating it by the calendar year on the car and truck worksheet and is only reflecting 2 months for special allocation(line 10b) at 10.42% (line 9).  It's not letting me get the whole (64%) special depreciation that I want to take this year.  How can I get the whole special depreciation to show for 2021?  Thank you for any help. 

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3 Replies

Depreciation for Business Use % for Farm truck is not correct.

When it asks you if you kept track of personal miles, say YES.

GrapeMike
Returning Member

Depreciation for Business Use % for Farm truck is not correct.

Thank you for the reply, but he tried that and it didn't change anything.  He's still trying to figure it out.  

PaulD CPA
Employee Tax Expert

Depreciation for Business Use % for Farm truck is not correct.

Agreed, answer the mileage tracked for personal purposes question as YESPercent Business Use.jpg

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