For an S-Corp, capital repairs were made to equipment in 2022, and an engine replacement to a 100% work-use vehicle in 2023. I am unsure how to enter these in turbo tax. The equipment is still being depreciated and so is the truck. Originally, I had them entered as new assets in TT titled, "Equipment Capital Repair" etc., but I feel like this is incorrect.
Note: I am pretty sure whatever I do for the 2022 repair I will also do for the 2023 repair but I wanted to state the facts as they are. I know these are two different years and each year has its own version of TT business software. I have both.
