@mommamari
Your vehicle does not qualify if it was not purchased in the current year.
To qualify for a Section 179 deduction, your asset must be:
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Tangible. Physical property such as furniture, equipment, and most computer software qualify for Section 179. Intangible assets like patents or copyrights do not. Buildings and land also don’t qualify, although some equipment attached to the building does, including things like fire suppression systems, alarms, and air conditioning units.
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Purchased. Leased property does not qualify.
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Used more than 50% in your business. An asset that is primarily for personal use but occasionally used for the business isn’t eligible.
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Not acquired from a related party. This includes siblings, spouses, parents, grandparents, descendants and businesses, trusts, and charitable organizations with which you have a relationship.
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