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Business & farm
We selected the bonus depreciation, which had the $18,000 limit (and answered yes to the question for 2018 from TurboTax regarding bonus depreciation).
The vehicle is a van under 6,000 pounds and cost $35,000.
Per IRS pub 946, $18k can be taken the first year and $16k can be taken the 2nd.
‎February 24, 2020
11:24 AM