Personal vehicle sold last year. It was used less than 50% for business and I only deducted mileage for business. Can I claim a portion of the depreciation?

Forum|Forum|7 years ago
June 3, 2019
2 replies
39 views

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TurboTax Home & Biz Windows

Best answer by PaulaM

Yes, you can claim the mileage/depreciation up to the point you stopped using your vehicle.

Indicate under the Business Vehicle Expense section for your business, that you stopped using the vehicle and the date. Continue on to enter the mileage/expenses up to the disposal date.

Continue with the interview to enter the details regarding the disposal of your vehicle. Remaining depreciation will be calculated and worksheets removed going forward.

PaulaM

Answer

Alumni - Expert

Yes, you can claim the mileage/depreciation up to the point you stopped using your vehicle.

Indicate under the Business Vehicle Expense section for your business, that you stopped using the vehicle and the date. Continue on to enter the mileage/expenses up to the disposal date.

Continue with the interview to enter the details regarding the disposal of your vehicle. Remaining depreciation will be calculated and worksheets removed going forward.

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MyDasha

Level 2

I am not getting that screen. I get a screen that asks me when I placed the vehicle in service and when I disposed of it. After going through all of the questions it tells me the vehicle is linked to a trade it but it never was part of a trade in when I purchased it or sold it. Do I leave that blank?