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andlawre
New Member

My prior business assets were depreciated using straight line. For my new assets purchased in 2018, can I use 179 while keeping the old assets as straight line?

 
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Accepted Solutions
KrisD
Intuit Alumni

My prior business assets were depreciated using straight line. For my new assets purchased in 2018, can I use 179 while keeping the old assets as straight line?

Yes, the 179 deduction can only be used on assets that were purchased and put into service this tax year (2018).  

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3 Replies
KrisD
Intuit Alumni

My prior business assets were depreciated using straight line. For my new assets purchased in 2018, can I use 179 while keeping the old assets as straight line?

Yes, the 179 deduction can only be used on assets that were purchased and put into service this tax year (2018).  

andlawre
New Member

My prior business assets were depreciated using straight line. For my new assets purchased in 2018, can I use 179 while keeping the old assets as straight line?

Using the Turbo Tax software why does it tell me that I have to use the same method as I used prior for assets in the same class when I try to use the 179

My prior business assets were depreciated using straight line. For my new assets purchased in 2018, can I use 179 while keeping the old assets as straight line?

Yeah - I'm getting this same issue when having two vehicles, one was a mileage and the other was a new vehicle purchased and claiming section 179

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