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.