LeticiaF1
Employee Tax Expert

Deductions & credits

Actual expenses include depreciation.  If you used TurboTax last year the asset information automatically carries forward your previous date to the current year.  The information about assets that are fully depreciated show  as part of your business asset summary.  Assets should continue to show in your summary as long as you are using them for business.  When you are no longer using them in business, then you should remove them by editing the item and adding the information on how the asset was disposed. 

 

I would suggest, that you review your 2022 information to make sure that the car is fully depreciated.  Also check 2023, to see if there is any depreciation for the vehicle being calculated. If it was fully depreciated last year and it is still showing depreciation this year please reach back.  

 

See What is depreciation? for more information.