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Level 3
February 12, 2024

Depreciating business vehicle improvements

  • February 12, 2024
  • 2 replies
  • 17 views

On the Car and Truck Expenses Worksheet I do not see where it has a line entry for depreciating vehicle improvements for a vehicle that has already been placed in service.

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    2 replies

    IRonMaN
    Level 15
    February 12, 2024

    What kind of improvements are you looking at adding?  You can expense off curb feelers and the fuzzy dice that hang from the rear view mirror.

    Slava Ukraini!
    spowers23Author
    Level 3
    February 12, 2024

    By carefully reading the question I posted, you can understand what is being asked.  When an item of improvement is made to a business vehicle  and depreciation has been started beginning on that date for the vehicle, where do you enter the vehicle improvement to begin depreciation on that item???

    IRonMaN
    Level 15
    February 12, 2024

    I read your question very, very carefully.  But I’m not clear if you are trying to add something significant or a repair.

    Slava Ukraini!
    sjrcpa
    Level 15
    February 13, 2024

     Add Ass it as a separate asset if you think it needs to be depreciated.

    The more I know the more I don’t know.
    PATAX
    Level 12
    February 13, 2024

    @sjrcpa I think you have a typo there.😁

    sjrcpa
    Level 15
    February 13, 2024

    @PATAX  Not the first time, and not the last I'm sure. I'm surprised the autocensor didn't bleep that.

    The more I know the more I don’t know.