posted

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

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

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

Found what you need?

Already have an account? Sign In

Make a post

Or browse the Forums

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

First Time Here?

Community Do's & Don'ts

Upcoming Events

Ready to file your taxes?

Meet your expertsAll Experts >

Employee Tax Expert

EA with 18 years of tax experience.

Employee Tax Expert

I am an Enrolled Agent. I worked for the I.R.S. for 33 years. I spent my last 11 years at the I.R.S. in Mand...

Employee Tax Expert

BBA-Specialization: Accounting, MBA- Specialization: Asset Management, EA

Employee Tax Expert

I am a CPA in Wisconsin. I have been with Intuit for three tax seasons.

Employee Tax Expert

Been with Intuit for going on 6 years now. Been part of TTLive, Full Service TTL, was part of Accuracy guaran...