PatriciaV
Expert Alumni

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:

  1. Open your return and click the Forms icon in the upper right side of the TurboTax header.
  2. Look in the left column under Schedule C for your business and click on "Car & Truck Wks" for this vehicle.
  3. 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.
  4. To review the outcome, open the Depr Report from the left column. This displays both prior and current depreciation info.
  5. 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"