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Get your taxes done using TurboTax
The IRS is always the best place to get your information for final choices that are big like this. You are smart to check around. Sometimes rules change so it is wise to double check. You won't claim any crazy depreciation, just normal, so you are fine. Switch away!
IRS Topic 510 shows under the rules:
To use the standard mileage rate for a car you own, you must choose to use it in the first year the car is available for use in your business. Then, in later years, you can choose to use the standard mileage rate or actual expenses.
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‎April 5, 2023
4:19 PM