@MauryM wrote:
But this doesn't line up with the questions Turbotax asks. It asks for the FMV of the vehicle when put in service. Not the Fair market value mulitplied by biz use percentage.
This program does the worst job of explaining and clarifying things!
As I mentioned above, TurboTax is NOT set up to report the sale of an asset (such as a vehicle) that has varied in business percentage (in my opinion, it is severely negligent in that regard). You either need to MANUALLY calculate things and enter the sale in the "Sale of Business Property" section, or go to a good tax professional.
