I put the car in service on previous tax year and used actual method for car expense deduction, so I need to use the actual method to report. I am starting second business on the current tax year using the same car. Can I use mileage method when calculating the business vehicle expense?
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No, you have to be consistent with the method. You can split expenses across the two businesses(doesn't really make a difference though), but you can't depreciate and actual expense for one business while taking mileage for another.
No, you have to be consistent with the method. You can split expenses across the two businesses(doesn't really make a difference though), but you can't depreciate and actual expense for one business while taking mileage for another.
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