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Section 179 depreciation for business vehicle in personal name
I purchased a vehicle recently for mostly business use (~75%), however, I would like to register and insure it in my personal name. Is it possible for my business (LLC - S Corp status) to reimburse me for the vehicle purchase so I can obtain a Section 179 depreciation without having to register the vehicle in the business name?
‎October 27, 2021
12:24 PM