I have had a Freightliner Cascadia for three years. Straight-line Half-year convention. I sold it in Jan 2019 and started leasing. I took a loss of a little over 17,000, which the company rolled over onto the lease payments. I use turbo-tax home and business. The software handled the sale and gave me a loss in the sale area, but it pasted all of the accumulated depreciation onto the agi. I took a loss, to why is the software treating it like a capital gain and adding the entire original price of the truck to my adjusted gross income. How can I fix it? Where do I go in the forms and what do I enter to fix it? Do I include the entire price of the truck in the business loss portion? If I need to post more info here, please let me know.
