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Business & farm
@Mike92ct wrote:the truck was not really in "service" until 2022 for the business, 2022 was my first income, not 2021.
If your business was 'open' (ready and available for business income) and you used the vehicle, it WAS in "service" in 2021 and that is when the depreciation starts. If your business was not 'open', then you can't take ANY business expenses on your 2021 return.
‎December 12, 2022
7:09 AM