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