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    Sec 179

    Taxpayer's is a schedule c business. First part of the year he has a car and takes the standard mileage rate. In October, he purchases new car. Is there any problem with section 179 if this auto meets weight requirement. SMR part of year and sec 179 and depreciation last part of year?

    #2
    Selection remains with vehicle

    Originally posted by gman View Post
    Taxpayer's is a schedule c business. First part of the year he has a car and takes the standard mileage rate. In October, he purchases new car. Is there any problem with section 179 if this auto meets weight requirement. SMR part of year and sec 179 and depreciation last part of year?
    I understood the selection mileage (std vs actual) remained with the vehicle. Once that vehicle is replaced with another vehicle and/or a vehicle is added, the selection process takes place again with the replaced and/or added vehicle

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