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Deductions & credits
I know this is an old thread but I'm dealing with the exact same thing this year. I've never used my vehicle more than 50% for business. 15%-20% on average for the year. Last year I claimed mileage and it asked about my vehicle loan interest and dates I used the vehicle. I entered all of that and done. This year my business usage fell to 0% after March. I entered the date I stopped using it, my mileage up until that point for business and my interest again. Now it's telling me I need to go back to income and claim recapture of that depreciation. I've never depreciated it more than the small amount they add to mileage. Do I need to answer differently to avoid the recapture section?
‎June 1, 2019
6:04 AM