- When you first use a car for business purposes, you must choose either the standard mileage rate or the actual expense method.
- If you choose the standard mileage rate in the first year the car is available for business use, you can switch between methods in later years.
- However, if you use actual expenses for the vehicle (even in the first year), you cannot switch to the standard mileage rate. You must continue using actual expenses as long as you use that car for business.
‎April 11, 2024
7:02 PM
