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Switched from Sole Proprietor to LLC at end of year, Can I use Section 179 for vehicle purchase?
I have been operating as a Sole Proprietor and just converted to SMLLC today, December 18. If I purchase a vehicle and put it in service before the year end can I take the Section 179 deduction? Or has the LLC not earned this years income?
‎December 18, 2019
3:13 PM