1. 2017-2023: total miles = 104500, business miles = 22000, % usage 21.05 * 26000 = 5473 cost basis
2. depreciation portion (2017-2023): 1000,875,910,810,520,780,840; sum = 5735 depreciated
I've never depreciated the vehicle or took a section 179 deduction to begin with. I bought the car and had some business use. It was never above 50%. I've only taken annual standard mileage deductions. The vehicle was traded in, and the dealer gave me 9500 for the trade in. this is a small passenger vehicle and was traded in for a small passenger vehicle, so it shouldn't qualify for the business expense.
