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Deductions & credits
Nope. Actually, it is sort-of the opposite; they are not subject to the Luxury Limits for Depreciation. I suppose that probably means Section 179 is limited to $25,000 (rather that 'usual' vehicle limit of $8000/$11,160).
It USED to be that you couldn't use the Standard Mileage Rate, but they changed that a few years ago.
It USED to be that you couldn't use the Standard Mileage Rate, but they changed that a few years ago.
‎June 4, 2019
8:13 PM