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re: Car Expenses

Posted on 3/5/14 at 1:14 pm to Ford Frenzy
Posted by CubsFanBudMan
Member since Jul 2008
5097 posts
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Posted on 3/5/14 at 1:14 pm to Ford Frenzy
Yes, the election is on a vehicle by vehicle basis, and can be switched from mileage to actual, but not switched back.
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Posted by LSUFanHouston
NOLA
Member since Jul 2009
37162 posts
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Posted on 3/5/14 at 1:38 pm to CubsFanBudMan
If you ever want to use mileage rules on vehicle, it must be used in the first year. Beyond that, you can choose whatever method gives you the better deduction.
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