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Deductions & credits
You have the option to use the standard mileage rate OR the actual expenses method for the business portion of the totals. If you started with the actual expenses method in the year the truck was placed in service you are stuck with the actual expenses method however if you start with the standard mileage rate you can flip flop and take the better deduction in the following years.
‎February 20, 2021
11:44 AM
7,718 Views