I had major repairs ($2577) on my business truck. Can I depreciate these costs, or do I have to take all these costs as expenses for this year?
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Correct, repair expense cannot be depreciated.
If you claim actual vehicle expenses, these vehicle costs may be expensed in the current year.
If you claim the standard mileage rate, you claim the standard mileage rate and you may not expense the truck repair costs.
However, if you chose the standard mileage rate the first year that this vehicle was placed in service, you may elect to choose actual vehicle expenses for 2025.
See this TurboTax Help.
Note: In order to use the standard mileage method, you must choose this method in the first year the vehicle is placed in service. In later years you can choose to use the standard mileage rate or actual expenses.
I guess you're saying these costs can't be depreciated over multiple years.
Correct, repair expense cannot be depreciated.
Thank you for the clarification.
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