That is what I understand after lots of readings. In 2024, only the 20% of expense can be depreciated according 200 DB-HY. The excess amount (80% of expense cla...
@DianeW777Thank you for your response. My milage is 100% for business purpose, 0% for personal use, as entered in TurboTax. The car, under 6,000lb, was placed i...
From Pub 946, the first year (2023) max depreciation with special depreciation is 20,200. Then in 2024, the max depreciation is 19,500. How does TurboTax calcul...
@AmeliesUncleThanks for your clarification. I have exactly the same issue, had a new car in 100% business use January 2023. The original purchase price is 49,42...
