Deductions & credits

James,

 

Thank you for your response. I am still confused, though, because of this explanation:

To take the standard mileage deduction for business, you can't

  • Operate more than five or more vehicles at the same time, as in a fleet operation
  • Claim a depreciation deduction on the car (other than the straight-line method)
  • Claim a Section 179 deduction on the car
  • Claim a special depreciation allowance on the car
  • Have claimed actual expenses after 1997 for a leased car"

Source: https://ttlc.intuit.com/community/credits-and-deductions/help/what-are-the-standard-mileage-rates/00...

 

The phrasing that I can't take the standard milage deduction along with depreciating my car other than the straight-line method seems to contradict what you just told me.

 

Am I missing something?

 

Thanks!