PatriciaV
Expert Alumni

Deductions & credits

@Joanbialer

Follow the instructions above to obtain the accumulated depreciation from your prior year return. Then review your entries for the vehicle and confirm the prior depreciation amount on the page "How much depreciation have you already taken on your XXXX?" Continue through the interview to report the sale. 

 

Since you used the vehicle for over five years, it should be fully depreciated. This means that total depreciation should be equal to the purchase price.

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