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Deductions & credits
The depreciation recapture is equal to the sum of all depreciation that you have taken in previous years. depreciation is reported on Form 4562. If you sold the vehicle and used Standard Mileage Allowance, then to calculate the depreciation, multiply the number of miles times the cents-per-mile for that year listed in the screenshot in the answer.
May 31, 2019
11:43 PM