Schedule C

[sc67]

Not understanding what the Depr allowed or allowable means? Says an amount must be entered. I have no clue what amount to enter. I have had the vechicle since the start of my business in 2017. This is what's stumping me from finishing my taxes

[tagteam]

Depreciation deductions you actually took (in past tax years) or could have (should have) taken.

Did you use actual expenses or the standard mileage rate?

See https://www.irs.gov/taxtopics/tc510

[fanfare]

you had the car but was it in service for your business since 2017?

If you did not list it as a business asset  before, don't start now.

@sc67 

[VolvoGirl]

Did you sell or dispose of the vehicle?