DianeW777
Expert Alumni

Business & farm

You should indicate the date the vehicle was 'sold, trade-in, gave away, or stopped using this vehicle in your work. Then continue through the vehicle section to see the prior and current depreciation (see the images below).

 

It's not clear if you used actual expenses (instructions have been provided as though this was used) or the standard mileage rate. If you used the standard mileage rate, I have provided a screen image as well for the depreciation portion that can be calculated using the business miles for each year of business use (both businesses combined).

 

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