- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
You have two options: 1) delete the vehicle and re-enter using information from your prior year return or 2) make manual entries to the Car & Truck Worksheet. The first option is fairly easy to accomplish from your Schedule C Vehicle Expense entries.
To manually adjust the prior depreciation on this vehicle in TurboTax Home & Business:
- Open your return and click the Forms icon in the upper right side of the TurboTax header.
- Look in the left column under Schedule C for your business and click on "Car & Truck Wks" for this vehicle.
- In the large window, scroll down to Part VI. Review each line item for accuracy.
> If you have questions about what to enter, right click the entry box and choose "About." If the number is black, click "Data Source" to show where the number originated.
> Note that you may change only numbers in blue (current year entries) or green (imported from last year).
> When you hover over a field, if it turns blue you can make an entry.
> If your entry turns red, click the Errors icon above the left column to display the error below the form.
> Line 34 Section 179 and Lines 36i & 36j Special Depreciation are current year deductions only.
> Prior depreciation begins on Line 37. - To review the outcome, open the Depr Report from the left column. This displays both prior and current depreciation info.
- To go back to your return, click the Step-by-Step icon in the header.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 12, 2022
5:31 AM