Mike92ct
Returning Member

Business & farm

OK thank you. 

So if at beginning of 2022, let's say my FMV of the truck is $22,000. I use it 85% for business. 

So I can then use the 5 year table to use each year accordingly,  first year being 35%. That comes out to about $6,600. Plus other expenses. This is rough but is that the gist of it.....