George4Tacks
Level 15
11-12-2024
03:20 PM
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https://www.irs.gov/taxtopics/tc510
To use the standard mileage rate for a car you own, you must choose to use it in the first year the car is available for use in your business. Then, in later years, you can choose to use the standard mileage rate or actual expenses.
I hope someone can track down IRC to go with this.
Answers are easy. Questions are hard!