For the value of my car on taxes for my 1099 business, do I use the retail value or private party value?

I am using actual mileage. It asks me to enter the lower amount of what I paid for the vehicle or what it's worth. Both the retail value and private party value listed on KBB are less than what I paid for it. Do I use the retail value or the private party value?|||When you converted the car to business use, you have to use the lesser value for depreciation.





use the Retail value. Print the KBB page for your records.