MarilynG1
Expert Alumni

Self employed

Enter the date you first started using the Vehicle for Business. Your accountant should provide a Vehicle Expenses Worksheet, relating to the amount on Line 9 on your Schedule C.  

 

Even if you use the Standard Mileage Deduction, depreciation is a factor when you sell or trade-in the vehicle, so you need to know your original Cost Basis, and % of Business Use, which is on the worksheet. 

 

Here's detailed info on Using a Vehicle for Business

 

@Dan155 

 

 

 

 

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