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Deductions & credits
@biglight wrote:
My question was for a link to a specific page, not a pile of pages, I had already looked at that, thank you.
IRS Tax Topic - https://www.irs.gov/taxtopics/tc510
To use the standard mileage rate for a car you own, you must choose to use it in the first year the car is available for use in your business. Then, in later years, you can choose to use the standard mileage rate or actual expenses.
May 1, 2023
3:29 PM