topic What is the last day/date for purchasing a new vehicle and still have a depreciation benefit in that year in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-is-the-last-day-date-for-purchasing-a-new-vehicle-and-still-have-a-depreciation-benefit-in-that/01/712537#M94217 <P>for a Sub S corporation</P> Thu, 06 Jun 2019 14:20:48 GMT precisionexcavat 2019-06-06T14:20:48Z What is the last day/date for purchasing a new vehicle and still have a depreciation benefit in that year https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-is-the-last-day-date-for-purchasing-a-new-vehicle-and-still-have-a-depreciation-benefit-in-that/01/712537#M94217 <P>for a Sub S corporation</P> Thu, 06 Jun 2019 14:20:48 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-is-the-last-day-date-for-purchasing-a-new-vehicle-and-still-have-a-depreciation-benefit-in-that/01/712537#M94217 precisionexcavat 2019-06-06T14:20:48Z The date of purchase has nothing to do with it.  It is th... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-date-of-purchase-has-nothing-to-do-with-it-it-is-th/01/712541#M94220 <P>The date of purchase has nothing to do with it.&nbsp; It is the "placed in service" date that matters.&nbsp; "Placed in service" means it is completely ready and available to be used for business purposes.</P><P>The "placed in service" date would need to be on or before December 31st, 2017 in order to claim any depreciation on the vehicle.<BR /></P> Thu, 06 Jun 2019 14:20:50 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-date-of-purchase-has-nothing-to-do-with-it-it-is-th/01/712541#M94220 TaxGuyBill 2019-06-06T14:20:50Z