Hello and thanks for the reply! Schedule C, Part II, Line 13, Depreciation and section 179 expense deduction shows $12,750 and was included in the total expenses (Line 28). Form 4562, Part I, Line 12, Section 179 expense deduction shows $12,750 as well. Line 6 of 4562 Part I (a, b, c) are all blank.
I've been deducting vehicle expenses for business for a decade or more and always used Standard, so it makes sense I would have done so for 2022... but 2022 was the first year I was deducting for a brand new vehicle. So in the back of my mind I thought maybe I did Actual to get a larger deduction? My rationale: Top of 4562 (Page 2) says to only complete 24a, 24b, columns a-c of Section A if you're using standard mileage rate. Well, TT filled in columns (d-i) as well. Based on that, I assumed standard mileage rate wasn't used.
Form 4562: Lines 8, 9, 12 all show $12,750
Form 4562: Section A, Line 26, (h) Depreciation/deduction shows 0 but (i) Elected section 179 cost is $12,750
Both vehicles total to 9060 miles * 0.625 = 5663. Deduction on my Schedule C is 5665. Difference of 2. It's only 2, but this irks me because it shouldn't be close, it should be exact if I used standard mileage rate, right?
At this point, I'm just failing to understand how there seems to have been a Section 179 deduction, yet the mileage seems to point to Standard having been used.
