I have a schedule C business and last year I purchased a vehicle under the business name and took the 179 deduction to deduct full cost of the vehicle. So the vehicle is in my assets already.
This year when I tried to enter the vehicle expense under the “business vehicle expense” section, it started to ask me all about the ownership, purchase date, trade in value etc. again, which make me wonder TurboTax is trying to calculate the depreciation expense and add this as a new vehicle again.
how can I let it know this is an existing vehicle in my assets and the depreciation expense should be 0 since I took it all already last year? Or do I have to provide all that vehicle information again ?
