@DianeW777
Turbotax still asked me about the vehicle total cost (fair market value) when I placed it in business service.
Suppose the FMV of the vehicle in service for rental 1 was $40,000, and the FMV of the same vehicle in service for rental 2 was $30,000
Should I enter:
vehicle FMV for rental 1 = $40,000 *50% = $20,000
or
$40,000 * 50% * 13.5% (2023 business portion) = $2,700 ?
