Be careful when claiming a large deduction for a Business Vehicle in one year.
If you stop using the vehicle for Business, (or sell or trade it in) you will have to pay back a Recapture of Depreciation you took in advance, which is what you are doing when claiming Bonus or 179 Depreciation.
If you use the van for Business for at least five years, that won't be an issue, however, as it will be considered 'fully depreciated'.
You could set up the Van as an Asset for your Business, and take regular depreciation over five years (about $7,400 a year), since you don't need the large deduction this year with Business Income of $18,000.
Also, if your Business Income is $0 (or negative) you won't be eligible for the new Qualified Business Income Deduction (QBI) of 20%.
You can test the different scenarios in TurboTax to see which one works best for you.
Click here for a detailed article on Managing Business Assets.
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