TaxGuyBill
Level 15
05-05-2024
04:55 PM
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The Luxury Limits only allow a certain amount of depreciation for vehicle under 6000 pounds, so the five year Recovery Period can be extended much further (although they significantly increased the limits a few years ago, so it is less common now).
https://www.irs.gov/pub/irs-prior/p463--2012.pdf#page=21