Business & farm

Thanks for your reply...I've seen similar suggestions given to other people struggling to do this part of the taxes!

YES, I purchased the vehicle in 2013 when I started using it for business.

 

Here's my question-

I get to a page in the TurboTax process and it asks:

Do any of these apply to the 2014 Subaru Forester?

Select all that apply.

You started using it as a personal vehicle 100% of the time at any point in 2023 (Answered YES)

Your percentage of business use of the vehicle varied over the years (Answered YES)

You gave it away as a gift in 2023

None of these

 

It looks like this gets me out of this whole mess, but it then talks about a "section 179 recapture."

Is this something they'll be asking me about later in this process?

If so, I may be back for some more help.

 

Thanks so much....This is the first time in the many years that I've been using TurboTax that I've reached a section that seemed to require a lot of specific accounting skills to complete.