KrisD15
Expert Alumni

Investors & landlords

For each year that you used the vehicle, you must know the number of miles you claimed for the standard deduction. The Standard Deduction includes depreciation and that needs to be re-captured when the vehicle is sold or changes to personal use. 

Enter the miles that same way you entered them when you took the standard deduction.

Normally this is asked for when the vehicle is sold. If you sold the properties and will no longer be using this vehicle for personal use, allocate the miles between the properties in whatever manner makes sense. 

Next, for each year, you will multiply that number of miles to the "build-in" depreciation of that year's standard deduction. That is what the chart shows. 

If there were properties sold in prior years, and this is the last to be sold, allocate all the depreciation (miles) to this one property. 

What is really happening is that you are "Selling" the vehicle to yourself if it will no longer be used in a business or rental capacity. Unless you really are selling the vehicle, you will need to include the depreciation recapture to the sale of this last property.

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