- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Yes. However, the credit ($7500) reduces the "Basis" (cost). That means when you are in the business section and entering the information about your vehicle, you enter $7500 less than it actually cost. However, if you are using the Standard Mileage Rate, that won't really make a difference until you sell the vehicle.
‎April 12, 2024
1:17 PM