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Deductions & credits
Similar question. I bought a demonstrator vehicle in 2023 that was titled to me as new with 2000 miles. The car's warranty began in 2021, but the car has never been registered so it classifies as new. Would the date placed in service thus be in 2023 since that is when I took possession of the vehicle and thus placed it in my service?
March 5, 2023
6:45 AM