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Level 2
posted May 27, 2020 5:57:04 AM

question about depreciation schedule

claiming standard mileage rate for my rental properties.  Turbo tax ask for info on my vehicle and has listed it on my depreciation schedule but shows no amounts for depreciation.  Since claiming standard mileage rate I should not depreciate the vehicle.  My question is why is it listed on the depreciation report ?

 

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1 Replies
Employee Tax Expert
May 27, 2020 6:46:21 AM

A portion of the standard mileage rate is depreciation.  It is listed so if you take the vehicle out of service for your rental properties and need to recapture any depreciation previously taken.