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Section 179 Recapture
Are there any ways to take Section 179 every year for a qualifying vehicle?
I'd like to buy a new qualifying vehicle every year, but when I sell it in month 13 of ownership, then Recapture would apply.
Is there any way to avoid that? Let's say the vehicle was purchased to be a rental asset on an app Turo? Does it classify the asset as some other kind of business expense to avoid recapture?
‎June 29, 2022
6:41 PM