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Section 179 on a new vehicle, but still taking the mileage on old vehicle
I have a van I've used this year for my business. I always take the mileage deduction. I am considering buying an additional van for 100% business use before year end. Can I take the milage on my 1st van (I am keeping it also, not selling or trading) and take the full amount of the new one using the section 179 (est $70-80k) if I buy it and use it before the end of the year?
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‎December 13, 2022
1:20 PM