Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
keithbensette
Returning Member

depreciation

I purchased 2 trucks in late november but didn't use them til january 1st. Can i wait til 2020 tax year to depreciate and deduct them? I have no other expense for them other than the purchase.

1 Reply
VictorW9
Expert Alumni

depreciation

Yes, you can since January 1st is the date in which you brought the vehicle into service in the business.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic AdsDynamic Ads
Privacy Settings
v