If this is an asset that you have previously been depreciating, you should refer to your prior year tax return for the life that was being used. If this is a new asset and you are not sure, you may want to refer to the Tax Guide 2012 in the Tools & Resources menu.
Normally an automobile would be depreciated using a life of 5 years.
After you finish your federal tax return, your information will accurately and automatically transfer into your state return. Just answer a few state specific questions, and you're done.
CompleteTax State is only $34.95 and includes: