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Get your taxes done using TurboTax
there should be no depreciation in 2022 because the vehicle was fully depreciated in the first year. in addition, since you used the actual costs method you must continue to use that method (you can't switch to the standard mileage method) when you enter info for the mileage it's only that for 2022, we can't see your return so don't know why there's $14K in depreciation (unless you are using TT for the first time and entering the asset - TT would not have the depreciation history of the vehicle) or maybe you're looking at state depreciation. some states do not allow bonus depreciation
‎January 2, 2023
9:15 AM