Hi RobertB4444, Thanks! I am a bit of a novice and still somewhat confused! Please let me know if I am wrong about anything below. I might be confusing several different issues here (depreciation deduction vs. depreciation recapture at the time of sale)...
1. I took the 179 deduction in 2018, the first year I got the car and started using it for 50%+ business use.
2. Another expert responded that if I took the 179 deduction in my first year, I might be subject to depreciation recapture because my business use dropped to <50% for this year. However, does it help that I used the car at 50%+ for business for 6+ years? If so, this means that my car is fully depreciated based on the fact that I used the car for 6+ years at >50% business use for all those years, and that I don't have to worry about anything this 7th year even though my business use has dropped to <50% this year for the first time?
3. Your response suggests that I might owe recapture when I eventually sell the car. The other expert stated: "Assuming you report Section 179 recapture this year, you would not have any additional recapture when you sell the vehicle." Since I am not reporting 179 recapture this year (I did it in 2018), I WILL owe when I sell later, yes? I want to make sure I am understanding your two expert responses and that there is no contradiction.
Thanks!
