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if you used the standard mileage method, TurboTax does not include depreciation in calculating gain/ loss. you have to calculate it using each year's mileage rate found in Pub 463 page 35 https://www.irs.gov/pub/irs-pdf/p463.pdf  also if there was personal mileage, you can only take a loss on the business portion, which is figured by multiplying its cost by the business mileage all years divided by total mileage all years. the trade-in value would also be prorated the same way.   for the personal portion, if any, gain is taxable, while any loss is not deductible.  

Thank you for your very informative answer.  Do I not need to provide the list of all the individual trades?  Somewhere in TurboTax, after entering the totals, I was prompted to mail in the 8949 listing all individual trades.

@CB1946 is it a State Street fund by any chance?  They definitely have errors in the data on their website  for the qualified percentage.  (see the "ICI Tax Summary" spreadsheets near the bottom of https://www.ssga.com/us/en/individual)  For a clean example of the problem, if you look at SPDW they show 71.76% of Box 1A income is foreign, and 0% of Box 1A is qualified, therefore 71.76% of Box 1A must be non-qualified.  But it can't possibly be that high, because we know that Box 1B is 55.82% of Box 1A, which caps non-qualified at only 44.18%.  The math is broken in exactly the way your original post described.  The other big companies I looked at including Vanguard, Blackrock, ProShares and Franklin Templeton all publish non-zero values for their foreign qualified dividend percentages, even for funds that are very similar to State Street's.  So if your fund is State Street, I'd push them harder to provide correct data, otherwise you'll end up overstating your foreign source income on line 1a of your 1116, which could result in you claiming a foreign tax credit that is higher than you are entitled to.   If you aren't with State Street... um... I guess I just wasted a couple of hours trying to figure this out!

I need to amend my 2025 tax income. I’ve received the refund. I keep trying to amend it. I forgot to put a deduction on it when I go where I e- file on TurboTax, the form is not available at this time. is there a reason why when they said you could do it mid February towards the light today is 25 February

@pk , Thanks again for all your help.  I tried deleted one of the imported documents and reimporting them and then going to the foreign tax deduction section to review those entries, but I'm still getting stuck on that same screen.   In terms of basis or worth, is this the value of the  stock/mutual fund on 12/31/25 that it's asking for?  Also is the adjusted basis using the ordinary or foreign source income percentage?