Schedule c line 69 recovery period what does this mean

[dandmtowing]

its for a vehicle, what does recovery period mean?

[DDollar · Accepted solution]

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.

[dandmtowing]

Thank you much, the vehicle was given to me by my father, I wrote $0 as purchase price, but then at the end it showed I needed to fill in, thank you again.