Depreciation expense on vehicle purchased at lease end

[dchiang8]

I purchased a vehicle I leased in June 2024.  It is the same car. Where do I enter depreciation expense in Turbo tax 2024?  The car was leased new on 6/6/2020. Lease ended on 6/6/2024. I purchased it without a gap. Do I use 6/7/2024 as the Date of Service? Where do I enter depreciation expense in Turbo Tax 2024? When does depreciation begin, 6/7/2024 or 7/1/2024?  Confused Turbo Tax user

[RobertB4444]

You should start with 6/7/24 since it went without a gap.  Enter the price that you purchased it for as the depreciable basis and go from there.  You will still take the lease expenses for the first six months of the year as though they were two different vehicles.

@dchiang8