Car deprecation/ New business

[MGC94]

In 2020 I had an LLC and I used the big car deduction actual expense for new purchase. I am closing out that business and stopped the depreciation on it, and put 0 miles on the schedule C. I opened up a new business for a second schedule C, and I want to use the same car that was once depreciated. Am I able to use the standard mileage deduction since its a new EIN, new LLC, new schedule C? I am not doing the old business. This is from my client. Thanks for your help.

[IRonMaN]

It might be different schedule Cs, but it is still the same taxpayer and same vehicle so I think you continue onward with what you started.

[jeffmcpa2010]

Same Vehicle - Same Taxpayer, requires continuing the same method. (New EIN for single user LLC, which is transparent for tax purposes would not have any effect.)

I agree with IRonMaN taxpayer made their choice, now they have to live with it so long as they  own and use that vehicle for business purposes.

[qbteachmt]

Is this the same car and client as you asked earlier, that Lisa was helping you with, here:

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/car-deprecation/00/2103...

If so, it helps to keep to the same topic, for the same issue.