Investors & landlords
The image I showed above is the WORKSHEET, which I generated in "TURBOTAX PRINT CENTER". It is just a print image of all my tax forms - so I cannot right click on any numbers there. The only other place I saw that $10 amount was after I finished answering the interview questions about the vehicle in the rental income section, and then did the FEDERAL REVIEW - which generated a warning message and showed the worksheet as part of the warning message. I could not left click on any number values there, but did not think to try right clicking. If I ever generate that warning again I will try right clicking to see if I can find the original source of where that $10 came from. All I know is that I did not directly enter that value.
The only other places I see that $10 amount is on FORM 4797, where it is somehow related to GROSS SALES PRICE of the vehicle, which I entered as $100. (I arrived at that number because the car was rear ended, and sold to a junk yard for $400. I read somewhere to use the percentage of use in my rental property as the business sales portion of the selling price, ans since I used the car no more than 25% of the time for my rental (likely only 10% of the time), so I figured I would estimate high, to be safe, and used 25% of the $400 ($100) that I received from the junk yard - as the vehicles sales price. (I assume that is correct? Do you know?)
Anyways, FORM 4797 used that $100 in line 30 (GROSS SALES PRICE) and then TT put $10 on line 21, 22, 31 and then line 7 of FROM 4797, and determined that left me with a $90 GAIN on line 6 of FORM 4797. So that $10 appears to be some kind of calculated value to decrease the $100 GAIN to $90. But, i cannot see where that $10 amount comes from, or how it is calculated!
Below are the images of the FORM 4797 values:
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To answer your other question the amount on Line 37 as Prior Depreciation, is $1393. I arrived at $1393 by adding up the depreciation mileage portion of the standard mileage rate, for every year from 2015 to 2023. I'll paste the SCHEUDLE E WORKSHEET image below also
