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New Member
posted Jun 4, 2019 6:50:06 PM

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

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1 Replies
Level 9
Jun 4, 2019 6:50:08 PM

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.