You'll need to sign in or create an account to connect with an expert.
If you have used your Business Vehicle for several years, it may be fully depreciated.
Change the Depreciation amount so it is equal to or less than the Cost of the Vehicle.
Click this link for more info on Depreciation for Disposed Business Vehicle.
[Edited 03/23/2020 | 3:03 PM]
If you have used your Business Vehicle for several years, it may be fully depreciated.
Change the Depreciation amount so it is equal to or less than the Cost of the Vehicle.
Click this link for more info on Depreciation for Disposed Business Vehicle.
[Edited 03/23/2020 | 3:03 PM]
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Digger109
Level 2
Audio82
New Member
owlcreekla
Level 1
Lolajean123
New Member
mageshcmouli
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.