topic What does recovery period mean and what do I enter for vehicle that was gifted and I use for my business? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/what-does-recovery-period-mean-and-what-do-i-enter-for-vehicle-that-was-gifted-and-i-use-for-my/01/702570#M282785 I owe nothing on the vehicle what would the recovery be? Thu, 06 Jun 2019 13:29:40 GMT itsanewseason 2019-06-06T13:29:40Z What does recovery period mean and what do I enter for vehicle that was gifted and I use for my business? https://ttlc.intuit.com/community/taxes/discussion/what-does-recovery-period-mean-and-what-do-i-enter-for-vehicle-that-was-gifted-and-i-use-for-my/01/702570#M282785 I owe nothing on the vehicle what would the recovery be? Thu, 06 Jun 2019 13:29:40 GMT https://ttlc.intuit.com/community/taxes/discussion/what-does-recovery-period-mean-and-what-do-i-enter-for-vehicle-that-was-gifted-and-i-use-for-my/01/702570#M282785 itsanewseason 2019-06-06T13:29:40Z A recovery period is how long the asset can be expected t... https://ttlc.intuit.com/community/taxes/discussion/a-recovery-period-is-how-long-the-asset-can-be-expected-t/01/702575#M282787 <P>A&nbsp;<B>recovery period</B>&nbsp;is how long the asset can be expected to last and therefore, it's time&nbsp;period&nbsp;for depreciation. Cars, computers and office equipment have a 5 year&nbsp;recovery period.<BR /></P> Thu, 06 Jun 2019 13:29:41 GMT https://ttlc.intuit.com/community/taxes/discussion/a-recovery-period-is-how-long-the-asset-can-be-expected-t/01/702575#M282787 SweetieJean 2019-06-06T13:29:41Z Re: A recovery period is how long the asset can be expected t... https://ttlc.intuit.com/community/taxes/discussion/re-a-recovery-period-is-how-long-the-asset-can-be-expected-t/01/2093822#M753528 <P>do u show recovery period in years</P><P>&nbsp;</P> Tue, 16 Mar 2021 20:57:35 GMT https://ttlc.intuit.com/community/taxes/discussion/re-a-recovery-period-is-how-long-the-asset-can-be-expected-t/01/2093822#M753528 lily lily 2021-03-16T20:57:35Z