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Section 179 vehicle purchases

Posted By: BigB

Section 179 vehicle purchases - 08/05/18 05:06 PM

IRS Section 179 now allows used vehicles to qualify for full depreciation in the first year, anyone use it yet? I can't find anything saying that the used vehicle purchase does not qualify for the full amount just as a new one would. Depending on your tax liability this could be huge. I'm going to ask my accountant but meanwhile looking for other's experience with this.
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