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Section 179 - Used Equipment
Hi, if a 2015 tractor was purchased in 2022, can I fully expense it under Section 179 for the 2022 tax year? Thank you
MaryK4Answer
Alumni - Intuit
April 2, 2023
Yes, used equipment can be used for the 179 deduction as long as it was not purchased from a related party and you are putting it into use for the first time in the year it is claimed.
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