Yes, you may depreciate any vehicles used in your business that have a useful life over one year.
Once you have set up your Schedule C business, choose Assets/Depreciation from the Business Summary page. Work through the interview to set up your assets. Note that any asset that costs $2,500 or less may be deducted in full under the Safe Harbor Election. You will see questions about this election at the start of the depreciation section.
The easiest way to
find Schedule C in TurboTax is to open
your return and use the Search box at the
top right side of the TurboTax header. Enter "schedule c", hit Enter,
then click on "jump to schedule c".
This will take you directly to the start of this section where you can set up
your business and enter your income & expenses.
Or go to Tools >> Topic Search.
Type in "schedule c", click the topic in the list, then click
"GO".
You will be prompted
to upgrade, if necessary, to the TurboTax version that is best for your tax
situation.
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