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Client purchased Volkswagen Touareg. Does this vehicle qualify for special depreciation if purchased for personal use?

randyjonit
Level 1
 
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IRonMaN
Level 15

Why are you thinking that you can depreciate a car if it is purchased for personal use?


Slava Ukraini!

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2 Comments 2
IRonMaN
Level 15

Why are you thinking that you can depreciate a car if it is purchased for personal use?


Slava Ukraini!
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George4Tacks
Level 15

No. My guess is the salesperson was explaining IRC 179 deduction for heavy vehicle. This is NOT for personal use. If it wasn't the salesperson, it might have been the barber or the newstalk radio host. 


Here's wishing you many Happy Returns
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