SmokinBob
Level 2
11-02-2020
08:50 AM
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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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IRonMaN
Level 15
11-02-2020
09:16 AM
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Yup
Slava Ukraini!
Just-Lisa-Now-
Level 15
11-02-2020
09:19 AM
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Your state may not allow Special Depreciation though, so that could be a factor in your decision on which way to go.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪