Question

I keep getting an error related to Car and truck expenses I used for a business most of 2024. It was totaled in a car collision in Nov 2024. How do I fix this?

Forum|Forum|1 year ago
March 18, 2025
1 reply
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The car was totaled but I received less than the amount I owed on the car. The error is telling me that The depreciation is too much

R

RobertB4444

You need to enter the disposal of the car into the system. Enter the date that it was totaled as the sale date and the amount that you received from insurance as the sale price. You're going to have to recover some of the depreciation that you've taken on the car as a part of the "sale".

@DaltonY

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