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Section 179 question
Hi,
My wife took Section 179 and special depreciation in 2021 on an SUV that she used for her nannying business. In September 2022 she stopped nannying and started using the vehicle for food deliveries. The SUV is currently attached to the nannying job on turbo tax, however she is no longer a nanny. Does this mean we need to recapture the depreciation we claimed in 2021 or is it fine to leave as is because she still uses the SUV for business (food delivery) and is still self employed.
Thanks
Russell
Topics:
‎April 1, 2023
4:03 PM