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How to deduct an inexpensive used truck put into service one year after purchase?
I purchased a truck for $1200 for 100% business use in January 2021 but didn't place it into service until January 2022. I also bought a few parts in 2021 to prepare it for use. Can I still deduct the purchase price or repair parts for 2021? Can I use de minimis safe harbor?
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‎April 13, 2022
3:40 PM