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Get your taxes done using TurboTax
Just so we are clear ... you have not sold the vehicle, right? But it dropped to 50% or less which is requiring the recapture, right?
Where in the program are you entering this? The last I checked (but has been a while), I don't think the vehicle section dealt with that, but you had to go to the "Sale of Business Property" section (even though it wasn't sold). But maybe my memory is wrong.
Where is this error showing? In the vehicle section where you are trying to depreciate this year's vehicle, or in the section where you are entering the $33,000-ish of recapture?
Monday