- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Thanks for your reply.
However, I don't think that means only counting the business use. It just means if the property is converted to business use, the business percentage is only calculated based on usage of the property for the whole year.
I didn't hit that situation though. The vehicle is used partially for personal use and partially for business use throughout the year.
It doesn't say that the personal credit is lost. The remaining credit is carried on in line 15 of 8936, and calculated in line 15-23.
What do you think?
‎January 29, 2021
5:38 PM