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179 depreciation schedule- 5 tax years or 60 month?
Purchased a vehicle in Dec 2017 and claimed 179 depreciation on 2017 taxes. Business use has always exceeded 50%. The business has suffered due to Covid and business use will likely not stay above 50% for much longer. Does the recapture period end at the end of 2021 (5 tax years- 2017-2021) or not until December of 2022-60 months)?
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‎January 20, 2021
11:41 AM