Auto trade in worksheet

[Mark Goldberg]

My client placed a SUV into service in 1999. As it weighed more than 6,000 lbs we claimed section 179 for the 55% that was business. In 2005 he traded it in. On line 6 of the worksheet it asks for total depreciation as if car was 100% business. Do I claim in year 1 the maximum allowable 179 for 1999 of $19,000 and then figure depreciation or do I just figure depreciation?

[Bees Knees]

Since Section 179 was elected in year one, then line 6 should be the section 179 amount that would have been allowed if the vehicle was used 100% for business in that year.