This is my first time filling with vehicle expense. I bought at 22 December 2022 but I start to Dashing and UberEat delivery on July 2023. So when I input the date I acquired the car which is 22/12/2022, TurboTax ask for UCC which I don’t know how to calculate, I did ask expert about that she ask me input 01/01/2023 as the date of acquired, TurboTax changed to Total cost of the vehicle before taxes. So right now I am kinda conflict what to input
One is 22/12/2022 but I dont know the UCC of beginning of 2023
Two is 01/01/2023 to put total cost of the vehicle
If this is the first year that you are using the car for self-employment use, then you would not have a UCC. You would enter the car as an addition and the cost of the car would be the fair market value at the time you started using it for business.
Then should I put I acquire the car at 01/01/2023
to put total price of the car at that time?