How do I adjust the amount of depreciation on a car sold in 2019 and bought in 2015. The taxpayer used the standard mileage rate every year?
This discussion has been locked. No new contributions can be made. You may start a new discussion here
I assume you are want to do a sale. Enter the sale date only in the depreciation screen.
Go to the disposition screen and enter the sale and put the computed depreciation in the 4797 section. I will plug in for Tax Tools, it does this computation and much more.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.