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Can I claim vehicle depreciation after using standard mileage deduction after disposing of vehicle?

 
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Coleen3
Intuit Alumni

Can I claim vehicle depreciation after using standard mileage deduction after disposing of vehicle?

The IRS publishes a table. For 2017 and 2018, the rate is $0.25 per mile. See below for a full explanation.

https://ttlc.intuit.com/replies/5809830

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3 Replies
Coleen3
Intuit Alumni

Can I claim vehicle depreciation after using standard mileage deduction after disposing of vehicle?

What do you mean take a deduction after disposing of the vehicle?

Can I claim vehicle depreciation after using standard mileage deduction after disposing of vehicle?

I meant depreciation.  Turbotax says since I did not use depreciation they now have to figure it since I traded the car in.  I thought using standard deduction precludes depreciation.  
Coleen3
Intuit Alumni

Can I claim vehicle depreciation after using standard mileage deduction after disposing of vehicle?

The IRS publishes a table. For 2017 and 2018, the rate is $0.25 per mile. See below for a full explanation.

https://ttlc.intuit.com/replies/5809830

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