I am planning to open my own scorp this year, and I would like to buy a new company truck for this business. Can I use this expense as section 179? And when I file at the end of the year, can it reduce the taxes that I have paid from a W-2 with my regular employer? So I would have two sources of reported income, the W-2 with my regular employer, and 1099 with my s Corp. But I want to know if I can use the expense of my truck from my personal business to be deducted from any taxes I paid with my regular employer.
