If you buy a vehicle over 6k pounds for business purposes, it is my understanding that you can appreciate 100% of the total cost in the first year.

    A few questions:

    1) aside for the bonus depreciation, is there regular depreciation each year as well?

    2) what happens if you need to sell it 2 years later? Is there a recapture of the bonus depreciation?

    Thanks!

    Section 179 bonus depreciation for vehicle
    byu/mazrub intax



    Posted by mazrub

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