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baodotaxes-
New Member

I bought a new to me used car this year am i entitled to deduct depreciation and if so how do I calculate it and where do I enter it?

The car cost $18,000 and is a 2014 Jeep Compass
1 Best answer

Accepted Solutions
jerry2000
Alumni

I bought a new to me used car this year am i entitled to deduct depreciation and if so how do I calculate it and where do I enter it?

You can not depreciate a car that is for personal use. Not at all.

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3 Replies
jerry2000
Alumni

I bought a new to me used car this year am i entitled to deduct depreciation and if so how do I calculate it and where do I enter it?

Are you using this car in a business?
baodotaxes-
New Member

I bought a new to me used car this year am i entitled to deduct depreciation and if so how do I calculate it and where do I enter it?

No.
jerry2000
Alumni

I bought a new to me used car this year am i entitled to deduct depreciation and if so how do I calculate it and where do I enter it?

You can not depreciate a car that is for personal use. Not at all.
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