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Taking Repair deductions on a car after a 179 deduction
If i have a passenger car that i have purchased this year (it is a used car but it is new to me) in this calendar year. I want to write of the 179 deduction on the amount i paid for the car (~8000). I then had to put $2000 in labor repairs into the car to get it running. The car is used 90% for my work only for independent contracting (larger car for storage.. but does not meet the 6000 gross weight minimum). I was wondering if the gas and repairs are items i can still deduct on the car even though i have a 179 deduction on it this year.
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May 31, 2019
5:47 PM