DawnC
Expert Alumni

Get your taxes done using TurboTax

Since you took the standard mileage deduction, your business miles should be multiplied by the depreciation equivalent for the year.   The standard mileage rate includes depreciation, so when asked about the depreciation you took, it should be the same as the depreciation equivalent that you should have taken.   See below for the amounts (the equivalent) of depreciation that is included in the standard mileage rate.

 

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.  If you are going to claim the mileage on the new vehicle, it needs to be reported in 2019.    @johns5

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