2106 and Sch C

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  • TaxprepP
    Member
    • Jan 2015
    • 73

    #1

    2106 and Sch C

    Can autos that were depreciated for 2016 be moved to schedule C? W2 employee previously claimed depreciation and actual expenses on an auto that was used for business while an employee. No longer works for that employer and went into business for self, self employed same type of work and using same vehicle. Can the asset and depreciation be moved from the 2016 to schedule C?
  • Matt Sova
    Senior Member
    • Jun 2005
    • 645

    #2
    Assets to Schedule C

    Yes. Continue with the depreciation.
    I would put a favorite quote in here, but it would get me banned from the board.

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    • TaxprepP
      Member
      • Jan 2015
      • 73

      #3
      Originally posted by Matt Sova
      Yes. Continue with the depreciation.
      Ok, thanks. Glad to hear it can be done.

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