Section 179 (and maybe Bonus depreciation) for SUV above 6000 Pounds

Forum|Forum|4 years ago
January 24, 2022
1 reply
13 views

My client bought a luxury SUV (more than $150k) under the name of it's business and wants to depreciate the whole thing in the first year. Can I do that only with section 179? or there's a limit for that and when reach that point I need to switch to Bonus depreciation? This SUV above 6000 pounds depreciation is very confusing.

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George4Tacks

Level 15

https://proconnect.intuit.com/community/partnership/help/depreciation-methods-and-their-associated-types-of-property/00/5233

Bonus is automatic

You have to make another input to get 179

Answers are easy. Questions are hard!

B

BabakAuthor

Level 5

Thank you, but my questions was about the Section 179 and if there's a limit for that for SUVs above 6000 pounds. Basically I want to know how to depreciate the whole amount for those cars in the first year.

qbteachmt

Level 15

"Basically I want to know"

Did you google:

irs vehicle bonus depreciation

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