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Business & farm
Thank you, but that doesn't work. I did as you suggested, and working on the vehicle expenses, when I get to the Depreciation screen, TurboTax states
"Depreciation
2018 Jeep Grand Cherokee Overland
Because you transferred this vehicle from your 2020 return we have enough information to calculated your 2021 federal depreciation."
The only buttons available are Back or Continue.
I press Continue, and the next screen says my actual vehicle expenses are $16,598. That is $2,402 in business portion of gas, oil, etc. PLUS $14,196 depreciation!
I am never prompted to make any adjustment to the depreciation, and I wouldn't know how or where to do this on the forms themselves. I have no idea why it says it is pulling the information from last year's return, yet doesn't seem to know that I fully depreciated it in that prior year (2020).