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For 179 depreciation on a vehicle 5 year period. If you purchase a vehicle in Dec 2017, would the 5 years be 2017-2021 or end in Dec 2022? Ie- can you sell on 1/1/22?
Not certain if 5 years is 5 tax years or 5 actual years (60 months) and want to avoid recapturing depreciation. Please cite source if possible
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‎December 29, 2020
6:46 AM