Ask TaxMama.Com Tax Information With A Mother's Touch Published by Eva Rosenberg, MBA, EA Volume 3      Issue 105       March 23, 2001

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I Auto Depreciate My Car From: Gainesville FL Hi Tax Mama! Quick question for ya... Can you claim depreciation for a listed property vehicle (in Corp taxes) until total recovery - or just for 5 years?? Thanks, Judy Gee Judy, I auto to know this... Yes. You can keep depreciating it at the wonderful rate of, what, $1775 per year? for the next 10 or 20 years until you use it up or drive the car into the ground. See http://www.irs.gov/forms_pubs/pubs/p4630401.htm Your TaxMama Eva Rosenberg Click Here for TaxMama's Honor System

Library of Congress -  ISSN 1532-0790 Copyright © 2000-2003 - Eva Rosenberg

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