Hal_Al
Level 15

Deductions & credits

Yes. But, then you can no longer use the standard mileage deduction, after using section 179 to write off the car  purchase. That is, you have the choice of 1. writing off the business percentage of the purchase cost (the car must be used more than 50% for business to use this option) and/or depreciating the cost or  2. using the standard mileage. You can't do both. If you choose 1, you will only deduct actual expenses, going forward (gas, maintenance, insurance, licenses).

References:

https://ttlc.intuit.com/questions/2941438-if-i-want-to-use-the-section-179-deduction-for-a-car-in-my...

https://www.mileiq.com/blog/switch-to-actual-expense-method/

https://turbotax.intuit.com/tax-tips/small-business-taxes/business-use-of-vehicles/L6hi0zzzh

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