I have a truck costing $42,000 and want to apply as much Section 179 expense as possible. Am I correct that the maximum depreciation deduction for
trucks and vans is $11,560 if placed in service in 2016? If my business usage is 70%, isn't my Section 179 expense $8,092? My tax software is not
accepting this amount, thus the question. Thank you.
trucks and vans is $11,560 if placed in service in 2016? If my business usage is 70%, isn't my Section 179 expense $8,092? My tax software is not
accepting this amount, thus the question. Thank you.
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