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Depreciation - Percentage of Business Use

MikeB_CPA
Level 5

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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IRonMaN
Level 15

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


Slava Ukraini!

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2 Comments 2
IRonMaN
Level 15

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


Slava Ukraini!
MikeB_CPA
Level 5

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?

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