I have a red exclamation point on the Car and Truck Worksheet. It wants an entry for Prior Depreciation and AMT Prior Depreciation. Here's the situation:
I put my car in service in 2014. I retired last year so I'm converting it to personal use.
1) I've taken the standard mileage deduction each year until 2024 when I'm using actual expenses.
2) The business use has never been above 50%.
When I go to Less Common Business Situations>Sale of Business Property>Any Other Property Sales?, the box is checked for recapture of Sec 179 or listed property. On the next screen it asks the question "Did your business usage fall to 50% or less for the first time in 2024?". Well, no it didn't because it was never above 50%. So I'm confused why I'm getting the error on the worksheet. Have I answered something incorrectly along the way?
Thanks so much for the help!
