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Self employed
Enter the date you first started using the Vehicle for Business. Your accountant should provide a Vehicle Expenses Worksheet, relating to the amount on Line 9 on your Schedule C.
Even if you use the Standard Mileage Deduction, depreciation is a factor when you sell or trade-in the vehicle, so you need to know your original Cost Basis, and % of Business Use, which is on the worksheet.
Here's detailed info on Using a Vehicle for Business.
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March 10, 2023
1:32 PM