TaxGuyBill
Level 15
11-13-2024
11:31 AM
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@Terry53029 wrote:
then switched to actual expense the next year (taking MACR's)
It would NOT be MACRS.
Using the Standard Mileage Rate permanently takes the vehicle OUT of MACRS, so the taxpayer would be using non-MACRS depreciation under Section 167 (which should be over the "Useful Life" and with "Salvage Value").