I have used turbotax for many years and never had an issue with mileage... however, this year its acting different.
So I bought a car last year for $55,000. I drove about 50 miles for work, which turbotax correctly attributes as 0.39%. I sold it for $35,000.
So for sales price, business portion, it says to do .39% of 35k, which is $137. Then it says the purchase price on the bext page which is $55k, and then it is claiming I am taking a loss of $78 on the disposition.
I mean fine, I guess, but I should only be taking the 50 miles for work * .58, which is $29.
What am I doing wrong that has me stuck in this "disposition of assets" bs?