Hello there,

Correct me if I'm wrong, but my understanding about Section 179 tax
code is that we need to buy brand new SUV (6000 plus lb) to qualify
for the $25K dedication plus the 20 % depreciation deductions for the
first year

We are planning on buying pre-owned SUV (6000 plus lb) i.e. between
2005 - 2007 year model and will be using primarily for business
purpose. Will we be able to depreciate 100% of the value of the pre-
owned SUV i.e. in 3 to 5 yrs? Ad whether it will also qualify for the
$25K dedication

Thanks
-Charles

Archived from group: misc>taxes