GeorgeM777
Expert Alumni

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

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