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How do I correct Form 4562 line 35 answer to yes from NO? This is not Schedule C. This is automobile use for schedule E.
TT review showed a portion of 4562 and gave me a choices which I didn't delve into deep enough. Once I started running through a draft print-out, I see that line 35 should show yes (car is available for personal use of owner >5%.
The actual fact for 2021 is the car wasn't used at all for rental business, but I don't see how to delete the whole section for the return. Next year, it could be used again, but I'm not sure how I really should be handling it.
Thanks very much.
The actual fact for 2021 is the car wasn't used at all for rental business, but I don't see how to delete the whole section for the return. Next year, it could be used again, but I'm not sure how I really should be handling it.
Thanks very much.
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March 13, 2022
1:47 PM