How do I amend my 2024 tax return to correct the sale of business vehicles?

Some TurboTax customers underpaid their 2024 taxes because they didn’t claim the correct amount of depreciation recapture on business vehicles sold.

As a result, some taxpayers need to amend their federal, and if applicable, state tax return.

To correct your return, please follow the steps below:

• Use TurboTax to amend your federal tax return and, if applicable, your state tax return.
  • Enter “TO CORRECT DEPRECIATION RECAPTURE CLAIMED ON FORM 4797” as the reason for amending.
• Follow the instructions provided by TurboTax to e-file the amended tax return. 

For the state amended return:

• If you live in these states, follow the TurboTax instructions to e-file your amended state return.
• Otherwise, you will need to print, date and sign the amended return and mail it to the address shown in the TurboTax instructions. Be sure to include your payment.
• Save a copy of your amended tax return(s) for your records.

TurboTax experts are available to answer your questions at 844-333-2161 (Monday–Friday, 5 AM to 5 PM PT). When you speak with an expert, mention 2024 Sale of Business Vehicles so they know exactly what you’re calling about.