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New Member
posted Jun 4, 2019 7:18:01 PM

I am an independent contractor. I would like to purchase a 6,000+ lb. vehicle and use the section 179 deduction in 2018. Can the vehicle be in my name personally?

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1 Replies
Expert Alumni
Jun 4, 2019 7:18:03 PM

If you operate your business as a sole proprietorship or as a single-member LLC, you can buy the vehicle in your personal name and benefit form the section 179 deduction.