Hello,

Can I transfer an 100% business use vehicle into shared use (50% or less)??

History-

Placed in service: 2012
Actual Expense method claimed on 2012 taxes "first year"
50% Bonus deprecation rule used on 2012 taxes
Just traded it in for a personal use vehicle (like-kind-trade "value")

Note: I do have another personal use vehicle that I can re-place "move into business use" the traded in vehicle with.

However, I need to list all vehicles as a shared auto (50% or less).

Thanks Tom

Reply