KrisD
Intuit Alumni

Deductions & credits

No, as reported by the journal of Accountancy March 2017 “The IRS on Friday issued the 2017 inflation adjustments to the depreciation limitations and lease inclusion amounts for certain automobiles under Sec. 280F (Rev. Proc. 2017-29).

For trucks and vans, the limit is $11,560 for the first tax year if bonus depreciation applies and $3,560 if it does not apply.”

https://www.journalofaccountancy.com/news/2017/mar/2017-car-depreciation-irs-inflation-adjustments-2...