topic California car and truck expenses worksheet line 75. Turbotax populated the amount on this line. Where does the amount on line 75 come from? in Deductions & credits

California car and truck expenses worksheet line 75. Turbotax populated the amount on this line. Where does the amount on line 75 come from?

rbrown1267 — Mon, 03 Jun 2019 17:35:04 GMT

The Car and Truck worksheet shows an amount on line 75 representing excess basis. The vehicle was not depreciated or claimed as a 179 deduction. In the prior years, only std mileage rate was used to claim auto expense deduction. Where does the amount on this line come from and how to I eliminate it if the amount is incorrect?

That comes from the corresponding federal Car & Truck Wks...

TerryA — Mon, 03 Jun 2019 17:35:05 GMT

That comes from the corresponding federal Car & Truck Wks, line 77. And that comes from your input to the federal Step-by-Step field for Total cash and/or loan amount paid with the trade-in. That's after you indicated Yes, this vehicle was part of a trade-in.