You may claim vehicle expenses against self-employment income when reporting on Schedule C Profit or Loss from business.
You may claim a standard mileage rate or actual expenses for vehicle expenses. One of the actual expenses available is vehicle depreciation.
The software is asking about a new vehicle because a form of accelerated depreciation may be permitted with a new vehicle versus a used vehicle. The questions are trying to determine whether you would qualify for the accelerated depreciation.
If the numbers are changing, have you accepted the Section 179 deduction or Special Depreciation?
In TurboTax Online Premium, when I return to the screen Did you purchase your {vehicle} new, the software continues to reflect Yes, I purchased this vehicle new.
Is this the screen that you are asking about?
@jyeh74 [Edited 02/21/24 | 5:20 pm PST]
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