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Business & farm
@nebirah wrote:My business use of the Subaru was 45% of its lifetime miles.
I followed the instructions for depreciation recapture and that came to $21,777.
I disagree some parts of what Amy said. And the math is more complicated.
First, you said it was 45% of its lifetime miles. What was the average business percentage during the time you used it for business (from when you "placed it in service" to when it was given to the dealer)?
You said the depreciation was $21,777? That is roughly 100,000 business miles. Is that correct?
What was the original cost of the car when you bought it (for our conversation, you can just estimate if you want)?
‎February 5, 2021
7:32 PM