When you first go through the vehicle section , if you're using TurboTax Premium Online, you'll answer questions about what kind of vehicle it is and your business mileage. At first, you'll be shown what your deduction would be using the standard mileage rate.
On that same screen, Now let's select your vehicle deduction, if you check I want to enter my actual expenses without estimating them first, and answer the questions and input your information on each screen, you'll reach: Did you purchase your vehicle new? and you will proceed through a series of questions about the cost of the vehicle, when you purchased it, etc., to compute depreciation.
You have to go through each screen completely before you get to the section about the purchase price of the new vehicle. The screens are similar if you are using a Desktop version of TurboTax.
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