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Get your taxes done using TurboTax
Hi Ztshapiro,
This article explains the limits Business Use of Vehicles
Yes, you can do that every year however, when you sell or trade in the car, the depreciation deduction is recaptured (taken back) in the calculation of the gain / loss on that business asset.
Here's an article that explains in further detail: Don’t Let Section 179 Recapture Hurt You
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November 16, 2022
6:35 PM