@DianeW777 Thank you for your response. My milage is 100% for business purpose, 0% for personal use, as entered in TurboTax. The car, under 6,000lb, was placed in service January 2023. The following is my calculation based on Depreciation Worksheet for Passenger Automobiles:
| | Year | 5-year | Basis | Deduction/Depreciation | Limit |
| 2023 | 1 | 20% | | 20200 | 20200 |
| 2024 | 2 | 32% | 29221 | 9350.72 | 19500 |
| 2025 | 3 | 19.20% | | 5610.432 | 11700 |
| 2026 | 4 | 11.52% | | 3366.259 | 6960 |
| 2027 | 5 | 11.52% | | 3366.259 | 6960 |
| 2028 | 6 | 5.76% | | 1683.13 | 6960 |
So 2024, the depreciation should be 9,350.72. Don't know how TurboTax calculated it as 3,136?
Any clue why my calculation is so far off w.r.t. TT?
