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Self employed
Thanks for getting back to me.
The vehicle (Tractor Trailer) was purchased in 2018 for $100,000 and sold for $30,000 in 2024. When I loaded TurboTax Premier on my computer it corrupted my prior tax returns and TurboTax was unable to pull up my past depreciation.
I took the Special Allowance Depreciation in 2018 of $83,000 and the remaining depreciation of $17,000 was taken over the next 3 years. I had to manually enter the $83,000 for the Special Allowance Depreciation but when it asked me for the Prior Depreciation it had a $0.
March 2, 2025
8:32 AM