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dwoodfin
New Member

If a self-employed person had no income this year, used my car for mileage since 2008, recently traded it. How to handle my return. Did not depreciate just used mileage?

No income in 2018, traded car that was used in business (mileage only).  TT indicates that I used the mileage for each of those years and multiply by amount listed and add that total to my return as equivalent depreciation.  I am confused.

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1 Reply
KatrinaB
Intuit Alumni

If a self-employed person had no income this year, used my car for mileage since 2008, recently traded it. How to handle my return. Did not depreciate just used mileage?

When you claim the stand mileage rate each year a portion of it is equivalent to depreciation. Please view the answer below for further explanation.

https://ttlc.intuit.com/replies/7241811

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