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Get your taxes done using TurboTax
Here is another glitch. I am entering the depreciation data from last years return for my business vehicle (since TT failed to transfer that data) and I took the SDA last year. Here is what it says to do if the SDA was taken: " Do not include any Section 179 or Special Depreciation Allowance (SDA) here. If your asset qualified for one or both of them in the first year you used it, we will ask you for those amounts next." Well I left it blank and it never asked for the SDA allowance next.
‎April 5, 2021
8:55 AM