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Business & farm
If you placed it in service in 2019, it depends how you chose to deduct your expense.
Per IRS Tax Topic 510
If you want to use the standard mileage rate to calculate vehicle expenses, you must choose it in the first year you use the car for business. In later years you can choose to use the standard mileage rate or switch to actual expenses.
Once you use actual expenses for the vehicle (even if it's the first year you used it for business), you can switch to standard mileage rate.
If you use the standard mileage rate, you must have records of business versus personal miles driven. If you use actual expenses, you must have records of all expenses and must allocate those between business and personal use.
[Edited 2/28/21|5:36PM EST]
‎February 28, 2021
11:25 AM