Yes,
when you claim Standard Mileage, part of that allowance is allocated to depreciation.
To figure it, you have to get the miles you claimed each year and multiply the miles by the depreciation equivalent of that year.
The "Depreciation Equivalent" is not the same each year.
2022 Depreciation is .26 per mile
2021 Depreciation is .26 per mile
2020 Depreciation is .27 per mile
2019 Depreciation is .26 per mile
2018 Depreciation is .25 per mile
2017 Depreciation is .25 per mile
2016 Depreciation is .24 per mile
2015 Depreciation is .24 per mile
Then add the amounts for each year together.
So if you only used it for 2021, and drove 1567 business miles, you took 407.42 in Depreciation
(1567 x .26)
If you used Standard Mileage, you would not have had AMT depreciation
Hopefully you kept a log for the vehicle showing the miles driven for business each year.
"Depreciation Recapture" becomes a factor if the vehicle is sold, converted to personal use, or falls below 50% Business usage.
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