MStanley
Level 1
04-27-2021
12:40 PM
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I'm working in ProSeries Basic, reporting disposition of a vehicle for which we've been claiming actual expenses. Business use has varied over the years. I've calculated the overall business use (it's well over 50%) and apportioned the sale between business and personal. Taking into account the $25000 Sec 179 deduction, the special depreciation allowance, and the ordinary depreciation, I believe I should have a gain of over $20K. But ProSeries is giving me a much lower gain and the depreciation doesn't show up on the 4797. I can't see how it's coming up with the figures it's giving me. Any suggestions much appreciated.
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