Get your taxes done using TurboTax

I am sorry, we do not have access to your TurboTax account, however it sounds as if something has been input into TurboTax incorrectly.  If the numbers you provided are correct, you should be reflecting a loss on the sale of your vehicle computed as follows:

Please go through the information that you input into TurboTax to make sure that it is correct.  Pay attention to the business use vs. personal use, your problem could lie in there.

AMT depreciation uses the straight-line method of depreciation spreads the cost of the asset, less the residual value of the asset, evenly across each period of the useful life of the asset. Subtract the depreciation calculated using the straight-line method from the depreciation calculated using any other method