TaxGuyBill
Level 15
12-08-2022
09:53 AM
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1) Dealers (in the business of selling items) don't use Bonus or 179 on Inventory. It isn't a deduction until it is sold.
2) Like-Kind Exchanges (1031 Exchanges) only apply to real estate now, so that idea of 'purchasing a more expensive vehicle' would not apply.