Sale of car used that used standard mileage deduction
I have a car that I set up and entered the mileage using the input sheet for Vehicle/Emp. Bus. Expense (2106). That sheet doesn’t require you to put the cost of the car in there. It’s basically, from what I can see, doing the analysis of actual vs. standard cost. So, now I want to sell the car. I don’t see how i can enter in the car sale and tag this information (with this prior mileage) so i can get the recapture calculated.
I thought maybe putting in the car into the depreciation field would work and just back date the purchase date to 2023 (the year it was purchased) and enter all the mileage info on the seperate tab related to autos. But when I do that, it’s trying to make me take special depreciation on it like its a current year asset. I tried overriding the special depreciation fields but that not working.
Any help anyone can offer is greatly appreciated!!!
