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What should I use for date placed in service? vehicle expense?

I know the official answer is when I started using the vehicle for business and as is stated here: https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-does-date-placed-in-service...

 

However, I did not know I was using it for business or did not know I could deduct it so I never kept any records.

 

So again what date should I use. A random date when I may have started using it long ago, or the more recent date when I started keeping mileage and expense records as a proper business expense.

 

The second one makes more sense to me, but I would like know the proper way to do it. Thank you.

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Accepted Solutions
Vanessa A
Employee Tax Expert

What should I use for date placed in service? vehicle expense?

It would be better to use the date when you started keeping mileage and expense records as this would be "official" and you have records to back up your claims.  

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2 Replies
Vanessa A
Employee Tax Expert

What should I use for date placed in service? vehicle expense?

It would be better to use the date when you started keeping mileage and expense records as this would be "official" and you have records to back up your claims.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

What should I use for date placed in service? vehicle expense?

Thank you. That is what I thought as well, I just wanted to be sure. Thanks again.

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