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adjustment to depreciation
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wubb
Level 1
05-10-2020
07:04 PM
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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?
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George4Tacks
Level 15
05-11-2020
09:55 AM
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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.
Here's wishing you many Happy Returns
