I am using 2022 Home & Business.
I sold a vehicle that was previously used for Business and used the Standard Mileage Deduction. I have followed the directions and believe I have accurately entered all data. However upon review an error is flagged on Lines 51 and 52. "The error states that the Depr allowed is too large. For disposition calculations, the depreciation cannot exceed business basis. Please see Tax Help for this field."
1. Lines 51 and 52 were populated by the program.
2. I cannot edit the lines in the form.
3. I have read all the help available in the program but cannot determine how to resolve.
4. I thought depreciation was included with the Standard Mileage deduction?
Any help appreciated.
