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jrze
Level 2

If you purchased a qualifying vehicle in dec 25 2017, would the five year recovery period end on 12/31/21 or dec 25 2022? Is it tax years or calendar years?

 
2 Replies
DanPaul02
Level 7

If you purchased a qualifying vehicle in dec 25 2017, would the five year recovery period end on 12/31/21 or dec 25 2022? Is it tax years or calendar years?

It is calendar years, so 2022 will be five years.

jrze
Level 2

If you purchased a qualifying vehicle in dec 25 2017, would the five year recovery period end on 12/31/21 or dec 25 2022? Is it tax years or calendar years?

Thank you.  Where is that information available?  I have searched and could not find this answer

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