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How long does one have to keep a company vehicle after taking the 179 deduction?
USA Section 179 deduction
- Thread starter frankie1266
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You are not forced to keep it for any set length of time.
BUT keep in mind that your basis in the car is reduced by the sec 179 deduction. So if you were to sell the car then the gain is "larger" by the amount of that 179 deduction.
BUT keep in mind that your basis in the car is reduced by the sec 179 deduction. So if you were to sell the car then the gain is "larger" by the amount of that 179 deduction.