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

[mattchouinard]

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

[TurboTaxJeffrey · Accepted solution]

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.