My client bought a new vehicle in 2023 & I'm trying to take the Section 179 deduction or bonus depreciation on it. The purchase price was $42,000. Am I allowed to expense the entire amount on the 2023 return? Please let me know. Thank you!
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Vehicles under 6000 lbs you can deduct 12,200.00 for Section 179.Vehicles over 6000 lbs you can deduct 28,900.00 for 2023.
Vehicles under 6000 lbs you can deduct 12,200.00 for Section 179.Vehicles over 6000 lbs you can deduct 28,900.00 for 2023.
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