I bought a law firm car in mid-2024 (solo/single member PLLC, so I’m reporting on schedule C). I kept my personal car through the EOY so that I could claim 100% business use of the company car and get max bonus depreciation in the first year. I drove very few miles, mostly back and forth to the dealership, few client meetings and some trips in pursuit of my next venture (buying rental real estate). Now I’m hearing that if I claim 100%, as a Schedule C filer, I will trigger an audit. 😞

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I don't know if that's true but we never have people depreciate vehicles like this. Just take the mileage deduction.

I understand that.

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