- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
State tax filing
When you enter depreciable assets--such as a vehicle--TurboTax will generate Form 4562 and apply the correct depreciation method. There is no single place in TurboTax to enter depreciable assets. Instead, when you enter your business-related expenses, TurboTax will ask about related assets and apply the depreciation at that point.
To find this section in TurboTax online, open your return, then go to My Account >> Tools (left margin) >> Topic Search. Type in "vehicle expenses", then click the topic in the list that applies to your expenses (self-employed, job-related, rental, etc.) Click GO to go directly to the start of this section.
@wzepeda2023
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 3, 2023
9:02 AM