Thank you Dave! Great information and really appreciated!!!
I do have a couple of follow up questions -
I didn't sell the vehicle in question. I still own it and only stopped using it because it broke down...and is still broken down. Does this change anything? (you'd said "since you sold the vehicle..." in your response and I just wanted to make sure since the IRS seems to be about as much fun to deal with as kidney stones)
Last question (fingers crossed):
I haven't claimed this or any vehicle in previous years. Actually this is my first time filing as a small business owner so it's all new. How do I figure out depreciation of the vehicle without prior years to draw from?
Thank you again! You're very much appreciated!!
