Level 1

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?