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Business & farm
No, it isn't ... So if you qualify for depreciation, from the first year you bought the car only, you should figure out which gives you the better return and stick to it. If you owned the car before and put it to business use a year later (tax year) then you CANT depreciate it an must use standard mileage. You can still claim percentage of auto insurance, but not depreciation.
May 22, 2025
9:34 AM