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Level 2
posted Oct 11, 2023 3:48:17 AM

I placed a lot of vehicles into service during the 2022 and I'm unsure if I should claim the economic stimulus deduction?

At this point my business isn't showing net profit and my understanding is the deduction will be carried to future years, but knowing either way I don't have to pay federal taxes for this filing year is it more advantageous to go one direction or the other?

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1 Replies
Level 15
Oct 11, 2023 7:00:47 AM

I'm going to page @Mike9241