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Level 5
March 6, 2020
Solved

Depreciation - Percentage of Business Use

  • March 6, 2020
  • 2 replies
  • 27 views

My client takes a deduction for actual expenses associated with the business use of her automobile, but the percentage of business use varies each year.  Is it appropriate (or advisable) to change the percentage of business use each year on the asset entry worksheet?  Thanks for any input offered.

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Best answer by IRonMaN

If you enter the actual mileage info, the percentages should change automatically.

2 replies

IRonMaN
IRonMaNAnswer
Level 15
March 6, 2020

If you enter the actual mileage info, the percentages should change automatically.

Slava Ukraini!
MikeB_CPAAuthor
Level 5
March 6, 2020

You're absolutely right.  That's from the Car & Truck worksheet.  Thanks you!

 

How about another type of asset - say a boat that's used for a charter business?