Opt out of depreciation on sale of vehicle.

[Eddie903]

Client disposed of vehicle in 2024, had 0 business use and reporting sale price of 25000. ProSeries is calculating depreciation when in fact it should be no depreciation.  Is there a way to opt out of this depreciation so it adds it back to the basis?

[Just-Lisa-Now-]

if it was ever used for business, there will be depreciation to factor in whether they took mileage (a portion of the price per mile is for depreciation) or actual expenses.

[abctax55]

"....when in fact it should be no depreciation"

Err... in fact, per Pub 463, there IS depreciation: 

Rate of Depreciation Allowed in Standard Mileage
Rate
Year(s) Depreciation Rate per Mile
2024 0.30
2023 0.28
2021–2022 0.26
2020 0.27
2019 0.26
2017–2018 0.25
2015–2016 0.24
2014 0.22
2012–2013 0.23
2011 0.22
2010 0.23
2008–2009 0.21
2007 0.19
2005–2006 0.17
2003–2004 0.16
2001–2002 0.15
2000 0.14

[Michael]

I'm not understanding why you are reporting the sale of a vehicle with zero business use.

[TaxGuyBill]

Is this a 1040?

Was there NEVER any business use on the vehicle?  Or just no business use this year, but had business use in prior years?  What are the circumstances that there was there no business use in the current year (and was there personal use in the current year)?

[Eddie903]

Prior years had business use, this year was sold on Jan 1st so no use at all for 2024. Uses actual expenses not milage rate. 

[sjrcpa]

Do you have input to indicate -0-% business use? Such as Total Miles xxxx, Business miles -0-?