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I am trying to take the 179 deduction for a personal vehicle I bought for business use in October on form 4562.
I purchased a personal vehicle in October 2022, which I use almost exclusively for business purposes for my LLC business. Am I eligible to take the 179 Deduction on form 4562? And, why does TT ask for miles driven 1/1-6/30 and 7/1-12/31? It won't correctly calculate my business use as 75% because I had to enter "0" miles for the first half of the year.
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‎February 23, 2023
6:31 AM