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A taxpayer owns a Tesla, Model S , which had a purchase price of $ 8 0 , 0 0 0 on March the 1

A taxpayer owns a Tesla, Model S, which had a purchase price of $80,000 on March the 1st,2020. The car was put into service on that date, and the taxpayer elected to use the. Standard mileage deduction. Detects Pier has a W2 job approximately 40 miles from home round trip and drives the vehicle into the office four days a week. Additionally the taxpayer has in. Interior Design service as a. Solo proprietorship. Period the interior design job often requires several trips to the clients home, which is often Over. 100 miles one way, but only 60 miles from their W2 office. For tax year 2023, the taxpayer drove 4200 miles from the interior design business. Period is the following statement true about the scenario? For the 2023 tax year, the taxpayer can take Section 179 depreciation of 18,100.

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