Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 690 other subscribers

  • Blog Stats

    • 327,301 hits

  • Posts By Day

    February 2006
    M T W T F S S
     12345
    6789101112
    13141516171819
    20212223242526
    2728  

  • Subscribe

  • Special Pages

«
»

Used Vehicles Qualify For Sec. 179

Posted by taxguru on February 21, 2006

Q:

Subject: Section 179 of the Internal Revenue Code
 
Good Afternoon,
 
In regards to Section 179 of the Internal Revenue Code. I have a small computer repair company I need to purchase a larger truck to visit clients and move equipment. I would prefer to purchase an SUV as that would be more practical than a Van . My question is does the auto need to be new or can it be used.

Thank You

A:

It just has to be new to you; not brand new.

You can see the rules for Section 179, including the weights of SUVs, on my main website.

You really should be working directly with a tax pro who can help you tailor things to your unique circumstances.

Good luck.

Kerry Kerstetter

This entry was posted on February 21, 2006 at 12:58 PM and is filed under 179. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Sorry, the comment form is closed at this time.

«
»