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I bought a new to me used car this year am i entitled to deduct depreciation and if so how do I calculate it and where do I enter it?
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I bought a new to me used car this year am i entitled to deduct depreciation and if so how do I calculate it and where do I enter it?
The car cost $18,000 and is a 2014 Jeep Compass
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June 6, 2019
7:00 AM
jerry2000
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Are you using this car in a business?
June 6, 2019
7:00 AM
baodotaxes-
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No.
June 6, 2019
7:00 AM
jerry2000
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You can not depreciate a car that is for personal use. Not at all.
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June 6, 2019
7:00 AM
