---

@Strongsilence-CPA wrote:

Even if the vehicle did qualify, the election to use the Standard Mileage Rate in the first year must be on a timely filed tax return

Do you know why this is required?  The first year sometimes can be a time when actual deductions are highest, primarily from the cost depreciation.

 

@TaxGuyBill 

---

Because the Regulation says so?  😂

Choosing the Standard Mileage Rate is an election, and there are many elections that required to be on an original, timely filed return.  I don't question the "why" of things.