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Level 2
April 25, 2020
Question

DOES PLUG IN ELECTRIC VEHICLE QUALIFY FOR DEPRECIATION AND SECTION EXPENSE DEDUCTION 179

  • April 25, 2020
  • 5 replies
  • 30 views
DOES TELSA  MODEL 3 VEHICLE QUALIFY FOR DEPRECIATION AND SECTION 179 EXPENSE DEDUCTION
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5 replies

sjrcpa
Level 15
April 26, 2020

Depreciation - yes to the extent of business use.

Section 179 - business use % if business use is >50% and subject to auto limits.

The more I know the more I don’t know.
tax1320_Author
Level 2
April 26, 2020

Thank you, I figured it was and just wanted to make sure that electric vehicles are qualifier for depreciation and section 179 expense deduction.