Personal car used for business since 09. Cost- 20K. Use the standard deduct every yr for business miles. In 19 car died & donated. TT is calc a 12K loss? Is this ok?

keeps asking about depreciation- just don't see loss can be that much for a 16 year old van....please help.

posted

TurboTax can not calculate the sale of a vehicle (or other asset) that has varied in business percentage from year to year. So you can't report the sale in the vehicle section. You either need to manually calculate things and enter it in the "Sale of Business Property" section, or go to a tax professional.