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Get your taxes done using TurboTax

If you have been using TurboTax for a few years, part of your information will be in the program. Use Kathryn's instructions above to report the sale.


You will need to calculate the amount of depreciation or depreciation equivalent taken during the years of business use. 


If you used actual expenses, just add up the amount of depreciation that was taken on your past tax returns. If you took the standard mileage deduction, your business miles should be multiplied by the depreciation equivalent for the year. 


2012 - .23

2013 - .23

2014 - .22

2015 - .24

2016 - .24

2017 - .25

2018 - .25

2019 - .26


For instance if you claimed 1000 miles in 2012 - .23 x 1000 = $230.00 in depreciation for 2012. 

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