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- SL and 179 on same vehicle?
SL and 179 on same vehicle?
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SensibleandHour
Level 8
5 hours ago
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Hello everyone,
I'm reviewing a clients return from 2021 and realize that the former preparer split the total SE miles between two depreciation methods for the same vehicle. I've not seen this strategy before and wondered the perspective of the collective mind of the community.
My apologies if this is common and my inexperience is showing. 😉
Have a great night all,
Dawn
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sjrcpa
Level 15
5 hours ago
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Section 179 is an election for the year the property is placed in service. It is not a method.
The remaining cost after the 179 deduction may be depreciated using the SL method. In some cases, SL may be required.
The more I know the more I don’t know.
