pacoeatsataco
Returning Member

Get your taxes done using TurboTax

I can't understand why that election form is included then. The only other thing that I can think of is my business vehicle dropped below 50% business use this year after being above 50% business use last year. I also never claimed any initial depreciation on the vehicle. But, I would think that is a 5-year asset, and the election form is for a 7-year asset.