ratherbe1
Returning Member

2017 auto replaced with 2019 under lemon law

We turned in our 2017 model in October for a 2019. In Turbotax Home Bus. 2019, I updated the auto info to reflect the new mileage from the 2017 we used for the last two years (I listed mileage used for the 2017 and also the 2019). It was a direct exchange, no costs incurred, and the original loan remains in place. Is that all I need to do? Is depreciation calculated for the 2019 now? I want to be sure what I did is acceptable. Thanks.