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Personal vehicle sold last year. It was used less than 50% for business and I only deducted mileage for business. Can I claim a portion of the depreciation?

 
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PaulaM
Employee Tax Expert

Personal vehicle sold last year. It was used less than 50% for business and I only deducted mileage for business. Can I claim a portion of the depreciation?

Yes, you can claim the mileage/depreciation up to the point you stopped using your vehicle. 

Indicate under the Business Vehicle Expense section for your business, that you stopped using the vehicle and the date. Continue on to enter the mileage/expenses up to the disposal date.

Continue with the interview to enter the details regarding the disposal of your vehicle. Remaining depreciation will be calculated and worksheets removed going forward.

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2 Replies
PaulaM
Employee Tax Expert

Personal vehicle sold last year. It was used less than 50% for business and I only deducted mileage for business. Can I claim a portion of the depreciation?

Yes, you can claim the mileage/depreciation up to the point you stopped using your vehicle. 

Indicate under the Business Vehicle Expense section for your business, that you stopped using the vehicle and the date. Continue on to enter the mileage/expenses up to the disposal date.

Continue with the interview to enter the details regarding the disposal of your vehicle. Remaining depreciation will be calculated and worksheets removed going forward.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Personal vehicle sold last year. It was used less than 50% for business and I only deducted mileage for business. Can I claim a portion of the depreciation?

I am not getting that screen. I get a screen that asks me when I placed the vehicle in service and when I disposed of it. After going through all of the questions it tells me the vehicle is linked to a trade it but it never was part of a trade in when I purchased it or sold it. Do I leave that blank?

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