When self-employed, can you take standard mileage deduction and claim depreciation the first year you claim the vehicle?

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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.

Can I deduct mileage?

https://ttlc.intuit.com/replies/3302360

I added a new truck greater than 6000lb for 100% business use at the end of December. Where is depreciation captured, as a business asset or under bus. veh. expenses?

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When self-employed, can you take standard mileage deduction and claim depreciation the first year you claim the vehicle?

When self-employed, can you take standard mileage deduction and claim depreciation the first year you claim the vehicle?

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When self-employed, can you take standard mileage deduction and claim depreciation the first year you claim the vehicle?

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When self-employed, can you take standard mileage deduction and claim depreciation the first year you claim the vehicle?

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