Does Turbotax do automatic recapture? I have entered the amount for the vehicle disposition which is higher than UCC at the end of last year (UCC at the end of the year is $2000; the disposition of vehicle is $5,000), however my income or taxes are not changing after entering disposition amount of $4,000. Do I have to enter recapture amount/extra income of $3,000 after disposition somewhere on Turbotax online manually or does Turbotax do it automatically and I shouldn't worry about the numbers.
Thank you
