We have been using personal vehicle for business. This year I realized, the depreciation is not entered correctly in the system or maybe i am missing something. How do i fix it. I don't think the car is 100% depreciated and the 6 year depreciation is not done yet
Turbotax Had added depreciation for 2022,2023, 2024
No depreciation in 2021, and 2025
I am guessing i may have put standard deduction in 2021 (not sure as i can't find that info) and changed to actual in 2022 but i don't see anything this year
Some more data:
purchase price - 45540
2023 - basis calculated by system - 8,671 - deprciation 1779
2024 - basis calculated by system - 6,622- deprciation 1346
2022 - basis calculated by system - 15183 - deprciation 1954
2025 - form 4562 has car in there but no values.
