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New Member
posted Oct 30, 2019 12:52:19 AM

I own a 2012 car, started contractor work in 2016, how would i calculate UCC?

Do i put down the purchase price? Or do i minus the %30 every consecutive year and put that tally down?

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1 Best answer
New Member
Oct 30, 2019 12:52:21 AM

Determine what the Fair Market Value of the vehicle was as of when you started using it for business.  You will enter that as the purchase price. 

1 Replies
New Member
Oct 30, 2019 12:52:21 AM

Determine what the Fair Market Value of the vehicle was as of when you started using it for business.  You will enter that as the purchase price.