Answered: Client purchased Volkswagen Touareg. Does this vehicle qualify for special depreciation if purchased for personal use?

randyjonit · ‎12-07-2019

IRonMaN · ‎12-07-2019

Why are you thinking that you can depreciate a car if it is purchased for personal use?

Slava Ukraini!

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IRonMaN · ‎12-07-2019

Why are you thinking that you can depreciate a car if it is purchased for personal use?

Slava Ukraini!

George4Tacks · ‎12-07-2019

No. My guess is the salesperson was explaining IRC 179 deduction for heavy vehicle. This is NOT for personal use. If it wasn't the salesperson, it might have been the barber or the newstalk radio host.

Answers are easy. Questions are hard!

Client purchased Volkswagen Touareg. Does this vehicle qualify for special depreciation if purchased for personal use?

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