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Get your taxes done using TurboTax
I don't see a form 4562. I do see a Form 4797 "Sales of Business Property".
Under Part III Lines 22 and 25a there are entries for $7000. I cannot fine a corresponding entry in TurboTax where I might make a correction. Also, since I purchased the automobile in 2010 and I would not expect any depreciation in 2022. I most normally take the standard deduction but last year the expenses related to the disposition of the automobile exceeded the the mileage allowance so I switched.
Where in TurboTax will I find the place to adjust the depreciation?
‎April 3, 2023
4:11 PM