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Deductions & credits
The State Prior Depreciation would be the same as the Federal Prior Depreciation.
If you stopped using your Business Vehicle and you claimed Actual Expenses, TurboTax fills in this amount for you.
If you claimed Standard Mileage, you need to calculate your Prior Depreciation, based on the number of Business Miles you claimed each year.
Click this link for more info on Calculating Depreciation Equivalent.
If you have used your Business Vehicle for over five years, it is fully depreciated and you can enter an amount equal to the Vehicle Cost, so there is no gain or loss to report.
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‎April 13, 2020
7:02 PM