MarilynG1
Expert Alumni

Deductions & credits

Claim the Business Vehicle on your 2020 return, since you didn't start using it for business until 2020.

 

You can indicate that the car was new when you add it as a Business Asset and the fact that you purchased it in 2019 will not affect your ability to claim the 179 or Bonus Depreciation.

 

'New' refers to the fact that you are the original owner. 

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