- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
I'm afraid section 179 is income limited which means that you need to make at least as much money as your 179 deduction to take it.
In your case I am afraid you will have to depreciate the vehicle (or 75% of it) over time.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 25, 2022
2:21 PM