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Get your taxes done using TurboTax
Sorry I clicked post too quickly. I can add the vehicle under the "Cars, trucks..." but where can I add the same vehicle for depreciation expense? The software is not calculating the new purchase amount for depreciation when I just add it to the "Cars, trucks..." section only. Also, after adding the new vehicle in this section, it is not prompting me to enter the purchase price of the vehicle. Can you advise if I also need to add this vehicle under the "Assets and depreciation" section as well, based on the screenshot I provided in the previous post? Thank you.
‎April 18, 2022
9:15 AM