ThomasM125
Expert Alumni

Deductions & credits

Since the vehicle was twelve years old when you put it into service, it wouldn't be worth much unless it had major improvements done to it. So, you can assign a minimal value to it. Also, it would have been fully depreciated by now, so the number you assign should be of little consequence to what you are doing now.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"