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Posted: 5/8/2021 4:01:31 PM EDT
[#1]
Are you talking section 179?
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Posted: 5/8/2021 6:30:41 PM EDT
[#2]
Quote HistoryQuoted: Are you talking section 179? |
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Posted: 5/8/2021 6:58:33 PM EDT
[#3]
Quote HistoryQuoted: sounds familiar Quote HistoryQuoted: Quoted: Are you talking section 179? https://www.section179.org/section_179_deduction/ |
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Posted: 5/8/2021 10:07:36 PM EDT
[#4]
Quote HistoryQuoted: Yes it's still around. I'd talk to your accountant first. I screwed myself years ago by depreciating too much too fast and had little to no depreciation for the following years unless I bought more stuff. https://www.section179.org/section_179_deduction/ Quote HistoryQuoted: Quoted: Quoted: Are you talking section 179? https://www.section179.org/section_179_deduction/ yeah, the combo of we need a new truck BADLY (running and '02 now and it is DOA) and an influx of income means we need to by a new truck this year. |
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Posted: 5/8/2021 10:48:05 PM EDT
[#5]
How many miles do you drive a year?
I take the standard mileage deduction instead. The van was $25k, but I’ve been deducting $17k-$19k a year using mileage vs actual cost depreciation, and I’ve had it 7 years. |
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Posted: 5/8/2021 10:50:33 PM EDT
[#6]
Quote HistoryQuoted: How many miles do you drive a year? I take the standard mileage deduction instead. The van was $25k, but I've been deducting $17k-$19k a year using mileage vs actual cost depreciation, and I've had it 7 years. |
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