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Is the law changed for 2018 on new OR used vehicles. I should be able to deduct the full $35000 for my truck purchase and its not happening in your program!

 
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Is the law changed for 2018 on new OR used vehicles. I should be able to deduct the full $35000 for my truck purchase and its not happening in your program!

  • Vehicle can be new or used.
  • Vehicle has weight in excess of 6,000 lbs. or can be classified as a cargo/delivery van (no seats behind driver) or be a pick-up truck with a full-size cargo bed (at least six feet in length).
  • If less than 100% but at least 50% business use, amount of the overall deduction is limited to the business use %.
  • The Section 179 deduction is limited to $25,000 per vehicle in 2018.
  • 100% bonus depreciation is available in 2018 on any vehicle purchased.


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Is the law changed for 2018 on new OR used vehicles. I should be able to deduct the full $35000 for my truck purchase and its not happening in your program!

What percent is used for business?

Is the law changed for 2018 on new OR used vehicles. I should be able to deduct the full $35000 for my truck purchase and its not happening in your program!

  • Vehicle can be new or used.
  • Vehicle has weight in excess of 6,000 lbs. or can be classified as a cargo/delivery van (no seats behind driver) or be a pick-up truck with a full-size cargo bed (at least six feet in length).
  • If less than 100% but at least 50% business use, amount of the overall deduction is limited to the business use %.
  • The Section 179 deduction is limited to $25,000 per vehicle in 2018.
  • 100% bonus depreciation is available in 2018 on any vehicle purchased.


Is the law changed for 2018 on new OR used vehicles. I should be able to deduct the full $35000 for my truck purchase and its not happening in your program!

section 179 says "non-auto." do I still deduct my business truck purchase there?

Is the law changed for 2018 on new OR used vehicles. I should be able to deduct the full $35000 for my truck purchase and its not happening in your program!

 I think "non auto" refers to assets other than vehicles: such as equipment, computers, furniture, etc.

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