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Business & farm
The car was purchased on October 19th of 2019. My old car 2007 Accord was using mileage for all those years. So only a few months of my 2019 tax return the car, I used mileage. Did not have many miles in 2019 for two months. I am assuming I used mileage rate. I had a lot more miles in my 2019 return on my 2007 Accord. Not so many miles in my 2020 due to covid and not traveling. I am working with Turbo Tax Deluxe for my 2020 tax return. I have used Turbo Taxe Deluxe for the past 10 years. This is the first time it popped up for me to take the depreciation instead of mileage. Stated that I would fair better this 2020 return. On my 2019 return, I had only 2097 miles on my 2020 Accord. At the end of 2020, I placed only 6349 miles. I just want to know if I choose the depreciation, will I be able to change back to mileage in the next tax return year. I know that if I take mileage, that I am not allowed to depreciate the car the following year.