Bonus Depreciation - Car Purchase

[ocramolop]

I've been reading through Q & A's, but can't seem to find the answer I'm looking for.

I am a W-2 employee and I also have income from a Sole Proprietorship. I need a new car and was looking at leveraging the Bonus Depreciation while it's at 100% through this year. I will have an alternate vehicle available for personal use, so I will use the new car (6,000+lbs) for 100% business use in 2022. However, long term this will convert to some % split of personal and business. What are the tax ramifications of taking a 100% deduction for 2022 but then converting to a 51%/49% use of the vehicle next year? Is there some kind of schedule published for depreciation recapture on this scenario? 

[tagteam · Accepted solution]

See https://www.irs.gov/newsroom/new-rules-and-limitations-for-depreciation-and-expensing-under-the-tax-...

and

https://www.calt.iastate.edu/blogpost/2021-rules-vehicle-depreciation-and-expensing