MarilynG1
Expert Alumni

Deductions & credits

 

The Calculated Depreciation (for disposition) can't be larger than the FMV of the Business Vehicle when it was placed in service.

 

Try Deleting/Re-Entering the Vehicle with a FMV (when placed in service) that is larger than the Depreciation Amount calculated.   

 

Check the Car and Truck Expenses Worksheet, Line 33 and 35 for these amounts.

 

Enter the amount you received as Trade-In as Sales Price.  

 

 

 

 

 

 

 

 

 

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