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If I always used vehicle less than 50% do I need to recapture depreciation from standard miles deduction? If TurboTax asked me that and I say no, am I done?
I have used my auto for small contracting business for less than 50% since 2012. I am going to go back to 100% personal usage. In turbo tax they ask if business usage fell below 50%. Since I have always been below 50%, do I need to recapture that depreciation and what line does it go on? I don't see anything (questions on TurboTax step by step) regarding this, but have seen it talked about in your community questions.
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‎June 1, 2019
6:04 AM