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Can you claim 179 and actual expenses on a vehicle in the same year?

 
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Can you claim 179 and actual expenses on a vehicle in the same year?

Yes, if the vehicle qualifies, you must also take actual expenses when claiming Section 179.  It must be in the first year the vehicle is placed into service.  Also, if you ever want to claim the Standard Mileage rate, that must be claimed in the first year the vehicle is placed into service.  You cannot claim Section 179 and the Standard Mileage rate.

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Can you claim 179 and actual expenses on a vehicle in the same year?

Yes, if the vehicle qualifies, you must also take actual expenses when claiming Section 179.  It must be in the first year the vehicle is placed into service.  Also, if you ever want to claim the Standard Mileage rate, that must be claimed in the first year the vehicle is placed into service.  You cannot claim Section 179 and the Standard Mileage rate.

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