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ryan-devoll
New Member

If I am leasing my vehicle for my business, am I able to qualify for the Section 179 deduction?

 
1 Reply
MaryK1
Level 9

If I am leasing my vehicle for my business, am I able to qualify for the Section 179 deduction?

No, to qualify for the section 179 deduction, your property must meet all the following requirements.

  • It must be eligible property.

  • It must be acquired for business use.

  • It must have been acquired by purchase.


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