Job-Related Expenses - Needs Review Message

[AmyC]

Maybe. Removing a car can be tricky. You may need to recapture depreciation or maybe just convert it to personal use or determine the depreciation. See Car expenses 

Actual expenses taken - 

Depending on the business percentage of the past and did it drop below 50% this year, all come into play. It doesn't hurt to review that section and make sure that only depreciation allowed for this tine has been taken and any excess recaptured. 

Standard deduction taken -

Check your depreciation calculation if you used standard mileage. Rate of Depreciation Allowed in Standard Mileage Rate  -Year(s) and  Depreciation Rate per Mile

2024 $0.3

2023 $0.28

2021–2022 $ 0.26

2020 $0.27

2019 $0.26

2017–2018 $0.25

@randsom 

[mgoede]

This is a repeated event.  Program does not save the data as it did last year.  I am using the same Home & Business version, but the data is not registering as last year.  Repeatedly, states "Needs Review

[mgoede]

Live in NYC and work in NYC

[randsom]

and what exatly do I do with these years / dollar amounts for mileage?  I was hoping TT would help me more on this recapture part.  Thank you!

[wallachaj]

When I get to the summary section, it shows my 2023 entry for job-related expenses, but my 2024 entry is blank.  If TT is not using the information, why is 2023 amounts showing up in my summary as a comparison.  I keep reading your response, but "needs review" is a terrible response to a tax situation that you no longer qualify for (if that is even the case).  This seems like a glitch and has wasted many hours of my time and seems like it has wasted other people's times too.