When self-employed, can you take standard mileage deduction and claim depreciation the first year you claim the vehicle?
01517
1 Replies
JohnW15
Intuit Alumni
Jun 1, 2019 8:08:52 AM
Unfortunately, you can't.
You can either claim the standard mileage deduction,or use the actual cost method, which includes depreciation. Please see the AnswerXchange FAQ below for more information.