You'll need to sign in or create an account to connect with an expert.
Since your business closed last year, taking the Section 179 deduction for the trailer is not advised. You'll be required to recapture the deduction in the next tax year due to lack of business usage.
Since your business closed last year, taking the Section 179 deduction for the trailer is not advised. You'll be required to recapture the deduction in the next tax year due to lack of business usage.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
ghhou1
New Member
ja19584
New Member
ArielA77
New Member
LCTx
New Member
azivnurse
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.