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Get your taxes done using TurboTax
I deleted the vehicle and re-entered it, but TurboTax still says the depreciation is too high. I entered "0" for depreciation, but somehow there's a "35" entered on line 29. for "Depreciation and Section 179 limit for luxury cars. I didn't enter that. And TurboTax says that "26" is what's allowed or allowable. That doesn't seem like a big difference anyway, but I'd like to fix it if I can. Any other suggestions?
‎April 7, 2020
3:20 PM