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Get your taxes done using TurboTax
Thanks for your response. Hopefully that means I made the right choice at least! The depreciation deduction on line 25 is lower than the cost on line 26. Not sure if it matters but this business had a large project in 2022 that didn't pay until 2023, so income showed really low for 2022. I also have another business that uses the vehicle but didn't reach the 50% threshold.
‎April 5, 2024
12:16 PM