There are limits on the Section 179 deduction for automob...

Do luxury cars affect the computation of Section 179 deductions?

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There are limits on the Section 179 deduction for automobiles. The limitation depends on the type, weight, and cost of the vehicle. Please see IRS Pub 946 for specific information for your vehicle.

Hello all, if we made over $150k as W-2 earners, why are we still able to deduct net loses for our rentals? Per IRS, there is a limitation.

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Do luxury cars affect the computation of Section 179 deductions?

Do luxury cars affect the computation of Section 179 deductions?

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Do luxury cars affect the computation of Section 179 deductions?

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