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Self employed
If you did use the standard mileage rate on this vehicle during the business use then you would calculate the depreciation used for each business mile by using the chart shown below. A portion of the standard mileage rate is considered depreciation as noted in the chart.
If you did use actual expenses and depreciation please provide details if necessary.
Section 179 would have been used only in the first year it was placed in service.
Date placed in service, cost and which method you used for deducting the vehicle (actual cost or standard mileage rate).
You can also provide a token with a diagnostic copy (all personal information is scrubbed for privacy) for someone to see your specific situation for your vehicle.
Go to the black panel on the left side of your program and select Tax Tools.
- Then select Tools below Tax Tools.
- A window will pop up which says Tools Center.
- On this screen, select Share my file with Agent.
- You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number.
- Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.
We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.
**Mark the post that answers your question by clicking on "Mark as Best Answer"