Client sold truck; purchase $33000, deprec 17437, basis 15563, sale price $21,000. Wkst says deprec too high for disposition calculations? 4797 has $38437 gain & 0 cost

[TaxGuyBill]

Was this vehicle 100% business use?  Or was is a 'shared' personal and business vehicle, and the business percentage varied from year to year?

[kpscpa]

100% farm/business...  sorry had to feed the cows!

[kpscpa]

I must have keyed something wrong, never had this problem before

[TaxGuyBill]

Double check that it is showing 100% business, and that you didn't enter any personal miles.

If that is correct, I don't know why it is doing that.  Perhaps try deleting the entire asset and re-enter it?

[kpscpa]

That fixed it...  he had zero miles for 2018.  Literally sold it off farm 1/1/18.  I put down 1 mile and it's fine now!  THANKS!!!

[TaxGuyBill · Accepted solution]

You are welcome.  I'm glad that making it show 100% for business fixed the problem.