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siviskik2
New Member

Is depreciation of a vehicle used for a rental property included automatically in the vehicle expense section or do I list it as an asset in the depreciation section?

 
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2 Replies

Is depreciation of a vehicle used for a rental property included automatically in the vehicle expense section or do I list it as an asset in the depreciation section?

In the Vehicle expenses section , if you used the actual expenses option and entered the vehicle as an asset there you should NOT enter it again in the asset section.  Review your return Sch C & form 4562 and depreciation worksheets to confirm the car is only listed once. 

siviskik2
New Member

Is depreciation of a vehicle used for a rental property included automatically in the vehicle expense section or do I list it as an asset in the depreciation section?

Thanks for the reply!
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