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March 8, 2024
Question

depreciation of vehicle

  • March 8, 2024
  • 1 reply
  • 0 views

i had a car for my business and it is under the depreciation sheet but that car died and i personally have a new car what do i do? 

1 reply

March 8, 2024

Enter a new vehicle for your new car.

 

What happened to your previous vehicle?  Do you still own it?  Did you sell it?  Something else?

gold2jenAuthor
March 8, 2024

That cars transmission blew. We got a new car but at the time didn't get it thru the business it's in our personal name. 

March 8, 2024

Do you still own the vehicle?  Sold it?  Gave it away?  Something else?

 

Are you self-employed and file a Schedule C for your business on your personal tax return?  If not, give details.