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Can I choose not to use depreciation on my Car and Truck Expenses worksheet?

We sold the work vehicle in 2021.  I had more in Acutal Auto expenses then in the mileage method.  I do not want the program automatically calculating and entering depreciation can I override the depreciation figure on my Car and Truck Expenses worksheet?
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2 Replies
ThomasM125
Employee Tax Expert

Can I choose not to use depreciation on my Car and Truck Expenses worksheet?

You can't override the depreciation entry using the online TurboTax program. Also, since you sold the vehicle you will need the depreciation to calculate the gain or loss on sale of the vehicle. You are required to factor in depreciation to determine the gain or loss on sale of the vehicle, even if you didn't claim it on your tax return.

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Can I choose not to use depreciation on my Car and Truck Expenses worksheet?

was the vehicle deduction taken in prior years? 

Once you use actual expenses for the vehicle (even if it's the first year you used it for business), you can't switch to standard mileage rate. You must continue using actual expenses as long as you use that car for business.

 

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