Hello! In 2016, client was a member of a multi member LLC (taxed as partnership) that purchased a vehicle (100% business, paid for by the business, using actual expense method). That business permanently closed in 2019, and as part of the asset distribution among members, client kept the vehicle.

Fast forward to 2024, client starts a new single member LLC, and they still have the same vehicle. Can they now choose the standard mileage method or are they STILL stuck with the actual expense method for this vehicle? Currently the vehicle is only about 30% business use.

If the original entity was a SMLLC, then I would assume they could not switch to mileage method, but since it was a MMLLC I'm wondering if there is any hope? Thoughts?