I need the rates for deprication as milage varied each year it was in service for business & personnel use.

[Zenanuts]

The car was totaled and replacement not done in same year so need deprecation rate for 2018 till 2022 as mileage varied each year it was in service.

[Mike9241]

Rate of Depreciation Allowed in
Rate of Depreciation Allowed in
Standard Mileage Rate
Year(s) Depreciation Rate per Mile
2021–2022         0.26
2020                   0.27
2019                   0.26
2017–2018          0.25
2015–2016          0.24
source

https://www.irs.gov/pub/irs-pdf/p463.pdf  page 24

[Zenanuts]

Thank you

[Zenanuts]

So i figured out the total depreciation we took for the car. NOW more confussion.

Purchased car in 2019 miles for business and pleasure varied each year.

car cost 17890 in 2019.... total deprication $5750.

percentage of usage average 49% over the Years

Car was totaled and insurance paid us $19835. We did not replace car till 2024.

 So do I take 49% of original cost $17890 and then minus $5750?

how do account for the insurance payment after car was totaled?

[MarilynG1]

How do I enter the disposition of my business vehicle if it was in an accident and considered a total loss?

The loss of a business vehicle is considered a sale, for tax purposes. Whatever the insurance gave the customer for the vehicle is the sales price. This section details the steps the customer should follow to report this.

The customer will:

1. Select Review on the Vehicle section of the business activity.
2. Write down all depreciation used for all prior years and the current year.
3. Go through the vehicle section until you reach the Do any of these apply to the vehicle? screen.
4. Optional: Select Your percentage of business use of the vehicle varied over the years.
   • Important: Only select this option if you used the vehicle less than 100% of the time for business.
5. Select Continue.
6. Select I converted this asset to nonbusiness use (date).
7. Select Continue.
8. Finish the Vehicle section.

1. Go to the Federal tab and the Other Business Situations section.
2. Select Sale of Business Property.
3. Enter the sale of the vehicle.

You are looking at about 6K of 'Other Income', with the remaining Cost Basis of $3195, subtracted from half the insurance proceeds of $9917.

[Zenanuts]

I followed your instructions..thank you

But when I get to this section it has recapture already checked. Then it asks if it was used for less 50% for the first time in 2023. When I check no ( since some earlier years was less then 50%) it takes me out of the section? If I check yes it then asks for more info. Should I uncheck recapture and just do property?  This has been so confusing. I appreciate any help.

[DaveF1006]

If you have claimed business mileage during those years, there is a depreciation equivalent that is built in to the mileage rates each year. When you claim the standard mileage rate when deducting your business car miles, you have to account for 'depreciation equivalent' when you dispose of the car. 

On page 23 in Publication 463, there is a depreciation equivalent table that provides depreciation equivalent rates that date back to the year 2000.  In your instance, you would need to know how mileage you claimed each year from 2018-2022 then multiply the mileage by the rates listed. The total amount will be the amount you will report as the recapture taken. There is an example on that page that illustrates how to determine how the recapture is calculated.

Do not uncheck recapture because this information is required if you dispose of a business vehicle and claimed mileage in the past.

@Zenanuts