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Get your taxes done using TurboTax
I did this step. Its a little foggy as to whether depreciation capture is required. Turbotax didn't show any and didn't create any new forms. I used my personal car for less than 50% for about 4 years. I didn't use it at all in 2019. All previous depreciation was "straight-line depreciation". I assume no recapture is required for assets that were straight-line depreciated with less than 50% use for the life of the asset. Is this correct?
ā€ˇFebruary 17, 2020
9:07 PM