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    Depreciation of minivan

    SmokinBob
    Level 2
    ‎11-02-2020 08:50 AM

    100% business use minivan over 6,000 pounds under 14,000 cost $37,500. Looks to me like section 179 is limited to $25K and then can take regular depreciation of $2500. However if I use special depreciation it allows the full amount. Is that correct?

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    2 Comments 2
    IRonMaN
    Level 15
    ‎11-02-2020 09:16 AM

    Yup


    Slava Ukraini!
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎11-02-2020 09:19 AM

    Your state may not allow Special Depreciation though, so that could be a factor in your decision on which way to go.


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