If you place a vehicle in service for business, you can either claim the standard mileage expense (which is calculated to include depreciation, maintenance, fuel and insurance); or you can claim actual expenses, which includes depreciation. Your actual expenses must be prorated based on the percentage of total miles that were driven for business.
You might qualify for section 179 depending on how you choose to expense the vehicle and the percentage of business use. You must choose how to report your business use on the first year you begin using the vehicle in business. Was that also 2020, or did you only start using the vehicle for business more recently?
