A. Maybe. If you’re deducting actual expenses instead of using the standard mileage rate, you must recapture some of your prior depreciation deductions if your business use for the year drops below 50%. Plus, you can use only straight-line depreciation this year. Keep an eye on the business-versus-personal percentage to avoid this tax trap. Tip: Once you begin deducting actual expenses for a vehicle, you can’t switch to the standard mileage rate in a later year (but you can do it the other way around).
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