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Get your taxes done using TurboTax
Thank you. When it first transferred the vehicle information from last year, it was giving me approximately 12k in depreciation expense. TT was not taking into account the SDA from last year at all. I contacted Live help and they had me delete the vehicle, add it back and input the info manually. As I was going through the interview, it says it would ask about any SDA previously taken but it never does ask. Therefore, I had to add the $30,722 of SDA in the "prior depreciation" question, although that question says specifically to not add it there. After adding it there, it calculates the $158 of depreciation expense. I want to see if anyone knows how it arrived at that number.
‎April 13, 2022
12:47 PM