Can i take a section 179 deduction on a vehicle purchased if self employed

gulbranson5 · ‎June 5, 2019

I'd like to deduct the entire amount this year to offset the sale of another vehicle, they are not replacement for each other.

Cattlerancher · ‎June 5, 2019

If you use the vehicle in your business and purchased it in 2016 you can use section 179. It can only be used in the year of purchase.

Deductions & credits