I'm an owner operator. Bought the tractor in December. Lease the Trailer. Only had a month's worth of business income. What is the best way to depreciate the tractor? As a vehicle? As a business asset? What is the difference between 50% and 100% Special depreciation and 179? I would rather deduct less this year due to lack of income and deduct more over the next few years when my income is higher. The tractor will be paid off in 3 years. I do not plan to resell it. Cost of tractor $53000. Blue book is $102,000.
