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Schedule C and Form 4562 (Depreciation)
Hi,
I paid two different CPAs for the last 2 years. For both the years' my business' car that I purchased in 2017, they had entries for Schedule C #9 (Car and Truck Expenses) AND #13 (taken from the form 4562 depreciation section V). This year, my small business situation remained unchanged so I thought of trying out TurboTax. No matter what I do on the software, I am unable to get numbers in both the #9 and #13 for my Schedule C. It is impossible that two CPAs were wrong. I want to know what selections I should do so I can have non-zero values in Car and Truck expenses in #9 AND in Depreciation #13 in Schedule C. I am doing something wrong; please help by guiding me...
Thanks!
‎June 1, 2020
12:49 AM