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Level 3
September 28, 2020
Question

Section 179 expense

  • September 28, 2020
  • 6 replies
  • 23 views

Can a food truck be expensed using section 179? How about a van for 100% business delivery?

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6 replies

dkh
Level 15
September 28, 2020

IRS Pub946 covers depreciation   https://www.irs.gov/forms-pubs/about-publication-946

The food truck would be eligible for Sec179 in the year purchased.  The totality of the return would determine if allowed.    Same would apply to van.

 

 

SmokinBobAuthor
Level 3
September 28, 2020

 Would you list them as general purpose tools etc on asset entry worksheet?

dkh
Level 15
September 28, 2020

If it was a return I was preparing, yes I would for the food truck. 

          The delivery van....I'd need more info.