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New Member
posted Jun 6, 2019 7:00:03 AM

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

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1 Best answer
Alumni
Jun 6, 2019 7:00:09 AM

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

3 Replies
Alumni
Jun 6, 2019 7:00:05 AM

Are you using this car in a business?

New Member
Jun 6, 2019 7:00:07 AM

No.

Alumni
Jun 6, 2019 7:00:09 AM

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