TaxGuyBill
Level 15
11-17-2023
05:31 PM
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@athaureaux6 wrote:
I think if it is under 6000 pounds for the first year under Section 179 it will qualify for 12,200 plus 8000 in bonus depreciation.
DANGER Will Robinson!
If the vehicle is subject to the Luxury Limits, you generally don't want to use BOTH Section 179 and Bonus. Pick one or the other. The first-year result should be the same on the Federal return if you only use one.
