MGC94
Level 7
03-17-2022
08:06 PM
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In 2020 I had an LLC and I used the big car deduction actual expense for new purchase. I am closing out that business and stopped the depreciation on it, and put 0 miles on the schedule C. I opened up a new business for a second schedule C, and I want to use the same car that was once depreciated. Am I able to use the standard mileage deduction since its a new EIN, new LLC, new schedule C? I am not doing the old business. This is from my client. Thanks for your help.
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