turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Shawn B1
New Member

Auto Depreciation of one vehicle on two separate schedule Cs....

Can you explain how to handle Auto Depreciation of one vehicle on two separate schedule Cs when one of the businesses has been using the vehicle (and depreciating it) for a number of years, and then I started a second company (running both businesses at the same time). How do I show the vehicle depreciation on the second (new) schedule C while I still have business use with the vehicle in the first (older) business? The newest business is consuming 75% of the vehicle, while the older Biz is at 15%, with 10% personal use.

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question