sharmoren0112
Level 4
04-15-2024
12:03 PM
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My client bought a new vehicle in 2023 & I'm trying to take the Section 179 deduction or bonus depreciation on it. The purchase price was $42,000. Am I allowed to expense the entire amount on the 2023 return? Please let me know. Thank you!
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Brainstrom
Level 4
04-15-2024
12:11 PM
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Vehicles under 6000 lbs you can deduct 12,200.00 for Section 179.Vehicles over 6000 lbs you can deduct 28,900.00 for 2023.
