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June 4, 2019
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How do I fix car depreciation amount on Schedule C that is larger than allowable? Can I just delete depreciation?

  • June 4, 2019
  • 1 reply
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Best answer by mglauner

If you have used your Business Vehicle for several years, it may be fully depreciated.

 

Change the Depreciation amount so it is equal to or less than the Cost of the Vehicle.

 

Click this link for more info on Depreciation for Disposed Business Vehicle.

 

 

 

[Edited 03/23/2020 | 3:03 PM]

1 reply

mglaunerAnswer
June 4, 2019

If you have used your Business Vehicle for several years, it may be fully depreciated.

 

Change the Depreciation amount so it is equal to or less than the Cost of the Vehicle.

 

Click this link for more info on Depreciation for Disposed Business Vehicle.

 

 

 

[Edited 03/23/2020 | 3:03 PM]