Are you entering vehicle expenses each year?
If you enter the vehicle as a business asset the first year (2022) you need to enter expenses each year afterwards.
From the business tab, select START or UPDATE for the Schedule C
Select EDIT for the business listed
Scroll down to
Business Expenses
Below that select START or UPDATE for "Business Vehicle Expenses"
If the vehicle is listed, select EDIT and continue through the interview
Here is where the cost is listed
Here is where you enter Business Miles and Personal Miles
The program determines the business use by the number of miles you enter. If the use drops below 50%, you won't get depreciation.
If the vehicle is not listed, you may have tried to enter it under Business Assets which wouldn't be correct.
When you enter the vehicle, you enter the total cost and the program determines the portion to depreciate based on business use which is determined by the portion of business miles to total and personal miles.
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