Skip to main content
Level 3
July 10, 2020
Question

Vehicle Depreciation

  • July 10, 2020
  • 6 replies
  • 44 views

When a Vehicle is fully depreciated and the client still uses it for business

can the standard mileage now be used. Thanking you in advance.

 

Barbara Green

This topic has been closed for replies.

6 replies

Just-Lisa-Now-
Intuit Community Champion
July 10, 2020
Once youve used actual you dont get to switch to mileage once your depreciation is used up, youre still stuck with actual expenses.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
July 10, 2020

Actually, you CAN go back to the Standard Mileage Rate ... IF it was used in the first year.

Just-Lisa-Now-
Intuit Community Champion
July 10, 2020
so you can use mileage one year, then actual and depreciate until the dep runs out, then go back to mileage? doesnt mileage include depreciation? but the depreciation would be all used up.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪