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Level 3
November 2, 2020
Question

Depreciation of minivan

  • November 2, 2020
  • 2 replies
  • 29 views

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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2 replies

IRonMaN
Level 15
November 2, 2020

Yup

Slava Ukraini!
Just-Lisa-Now-
Intuit Community Champion
November 2, 2020

Your state may not allow Special Depreciation though, so that could be a factor in your decision on which way to go.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪