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Deductions & credits
Thanks for the input, can you help me understand what is different about my situation from the one in this post? https://ttlc.intuit.com/community/business-taxes/discussion/partnership-vehicle-deduction/01/633428#...
That thread indicates they can choose to take the vehicle deduction in the partnership return or their personal taxes, right?
Also, since my partnership/business was new last year and has startup costs, We will have a net loss on the business and took no income so the last paragraph of your response seems to apply.
‎April 7, 2023
7:31 AM