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Depreciation allowed or allowable is too large..how do i fix this? I took a vehicle out for personal use. shouldn't the amount of depreciation i took be taxable.
I no longer have my schedule C. I showed my assets being disposed of on 1/1/2018. It keeps telling me my depreciation or depreciation allowed it too high. I can't fix this. I thought if i did an override on line 71 it would fix it but i have one for a vehicle and it won't let me override this. I did do an override on the other assets for this line and it worked. Shouldn't the amount i took as depreciation in previous years be income this year?
‎June 1, 2019
2:18 PM