Thanks for the reply, David. One part that wasn't answered; I put down a DP in 2021 and won't have the truck until April 2022. TT is not allowing me to put in a date under "when did you start using this vehicle for work" since I haven't received yet and it won't be in 2021. So, should I just wait until 2022 tax year to setup this vehicle?
Also, just to learn and practice the process, I put in info to let me skip through the vehicle setup. it said I can depreciate using the special bonus depreciation and it was around $108k. This will have my expenses at much more than my income. Lets say I made $30k in 2021; wouldn't I want to not deduct 108k as it would be wasted? Does it carry over; and if so how? Should I type in only enough to "zero out" that $30k?
