should I take a 179 deduction on my new vehicle this year if my business is showing a loss, or should I take the regular depreciation route I show a profit to my business each year but this year was in a bad car accident so not much income
posted
February 10, 201912:43 PM
last updated
February 10, 201912:43 PM
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If your buiness does not have the *taxable* business income from which to take the SEC179 deduction, then taking it would make no difference in your tax liability. Therefore it would make no sense to take it.
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