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?
01693
1 Replies
MinhT
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.