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F
fdsusan
March 31, 2025
Question

car depreciation

  • March 31, 2025
  • 1 reply
  • 0 views

Turbo tax is depreciating a vehicle that was fully depreciated 5 years ago.  How do I change this?

    1 reply

    T
    ThomasM125
    March 31, 2025

    You can delete the asset worksheet associated with the vehicle. Since it is fully depreciated, that won't affect your taxes in any way.

     

    Follow these instructions:

     

    1. Choose the Tax Tools option on your left menu bar while working on your return

    2. Choose Tools

    3. Choose the Delete a form option under Other Helpful links 

    4. Find the Asset Wks in the list of forms and delete it

     

     

     

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