I had tried to enter the property tax number as part of vehicle registration fee after the car sale info and that was throwing it off in weird ways. Instead, I suppose the correct way is to enter it as part of the sale of the car instead? Since that section also references sales tax on sale of car.
So now that I have actual #'s b/c we chose our car today after I asked the question:
I entered our total sales price including tax of $30800. It tells me the max we can include is 12,740 for the write off. Since that's not 70% of 30800 (which is how I entered the expected mileage ratio for rest of the year)... will we be depreciating an additional amount in future years since it's maxing out before 70% of purchase price? That's my main goal. To understand if in future years we can write off more of this purchase price since we're limited in year 1.
70% of purchase price / tax would have been = $21,560, not $12,740. The max on an under 6000 lb SUV for the first year is showing $12,740. (At least in the 2021 version of the s/w I'm testing numbers on.) I'll do a new version once we get the s/w for tax year 2022.
