Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

Car deprecation

Level 7

2020 took the big deprecation on new car purchase. 2021 I have to do actual expense, correct? 

0 Cheers
1 Comment 1
Level 15
Level 15

Correct.  You're stuck with actual expenses until that car is no longer used in business.