Deductions & credits

Yes, you should be able to fully depreciate it the first year but there are several things to look out for.

• Make sure you did not press "lease" instead of purchase.
• You will be asked for your mileage regardless of whether you choose standard mileage or actual expenses.
• Make sure you actually selected actual expenses. See the screenshot below.
• The program will tell you if the standard mileage gives you a better advantage.