- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
TurboTax wants your vehicle information because if you sell a vehicle that you used in business you may have to recover some of the depreciation you previously claimed on it.
The standard mileage rate has a depreciation equivalent built in. That rate is .26 for 2019. So even if you only claimed standard mileage rate you may have to recapture some of that previously claimed depreciation.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 3, 2020
9:36 AM