George4Tacks
Level 15
03-24-2023
04:02 PM
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Depreciation starts when the asset is put into service. Did the prior preparer maybe inadvertently elect to state standard mileage rate? See Pub 510
"However, if you used the standard mileage rate in the year you place the car in service and change to the actual expense method in a later year and before your car is fully depreciated, you must use straight-line depreciation over the estimated remaining useful life of the car. "
Answers are easy. Questions are hard!