My client purchased a Ford F-250 for $60,000 in 2022 for 100% business use. Can I depreciate the full amount of the cost in the first year?

mac20coaching · ‎03-30-2023

Just-Lisa-Now- · ‎03-30-2023

You may want to check out Pub 463 for the rules around deducting business vehicles, this should drop you close to where you need to be in he Pub

https://www.irs.gov/publications/p463#en_US_2022_publink100033959.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

PATAX · ‎03-30-2023

What kind of business is your client in? Are you sure this is being used 100% business?

dd4vols · ‎03-30-2023

F250's certainly meet the GVW test...

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My client purchased a Ford F-250 for $60,000 in 2022 for 100% business use. Can I depreciate the full amount of the cost in the first year?

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