turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

We are in trucking, bought a Peterbilt and trailer, how much % can we deduct this year if we decide to do the 179 deduction?

 
1 Best answer

Accepted Solutions
DanO
New Member

We are in trucking, bought a Peterbilt and trailer, how much % can we deduct this year if we decide to do the 179 deduction?

The maximum for Section 179 deduction for a tractor-trailer is $500,000 for 2017.

For 2018 the deduction amount was increased to $1,000,000.

View solution in original post

1 Reply
DanO
New Member

We are in trucking, bought a Peterbilt and trailer, how much % can we deduct this year if we decide to do the 179 deduction?

The maximum for Section 179 deduction for a tractor-trailer is $500,000 for 2017.

For 2018 the deduction amount was increased to $1,000,000.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v