Sch C Wks (DELIVERY) -- Car & Truck Expenses Worksheet (TOYOTA COROLA): Recovery period-1 must be entered. what does it means?

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Sch C Wks (DELIVERY) -- Car & Truck Expenses Worksheet (TOYOTA COROLA): Recovery period-1 must be entered. what does it means?

The "recovery period" refers to how long you are depreciating the asset. If it is a vehicle, you would depreciate it over five years. This would show up (or be entered as) 60 (months) on line 69 of the Car and Truck Expense Worksheet.

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