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Can Sole Proprietors take a section 179 deduction on a vehicle? What about special depreciation?

 
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2 Replies

Can Sole Proprietors take a section 179 deduction on a vehicle? What about special depreciation?

yes to both.  to take 179 you have to have a profit from the business and business use of the vehicle has to be over 50%.

Can Sole Proprietors take a section 179 deduction on a vehicle? What about special depreciation?

Thanks if a sole proprietor doesn't have the income for the entire deduction but part can they carry over unused towards future income? Does the vehicle have to be over a certain weight? Truck or van?

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