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Section 179 and beyond!
Hi there! I’m wondering about the years after you purchase a vehicle for business. For example, say I buy a vehicle this year for 25,000$, I use 179 and bonus depreciation to deduct the full cost for my taxes this year. Next year, would I file my vehicle related business expenses as the regular standard mileage rate vs actual expenses? Thanks in advance!
June 9, 2022
4:14 PM