Returning to this thread for more clarification-
You write:
"Yes, if you are using the Actual Expense Method, you can also enter all of your other expenses, including gasoline, repairs, maintenance, and insurance. If you use Section 179 on the entire amount this year, there will be no further depreciation to claim in future years."
My question is: Repairs, maintenance, mileage, and gas costs are still allowable deductions even after I have taken the Section 179 deduction for the full purchase price of the vehicle in a prior year? In other words, these are not considered "depreciation", and so are still allowable deductions going forward?
Thanks
