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Automobile purchase deduction

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  • Automobile purchase deduction

    I bought a new automobile in 2020 and I’m wondering if I can deduct more than just mileage. I use it about 50/50 for business/personal. I’m a sole proprietor in a K1 partnership. My CPA said it would be very aggressive to deduct the purchase price but we could save it for a year when extra deductions would be helpful (mainly to maximize the QBI tax savings). He said we would put the car “in service” that year. Anyone deduct a car purchase? I feel like it’s worth a try but don’t want a guaranteed audit either. Thanks!
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