USA truck deductions

[ALAIDEL222]

If I buy a new pick up truck and used it for collecting and selling recycling materials, can I deduct any of the purchasing price in the taxes? kind of depreciation or anything. Please help in this one. I need to know

 

[kirby]

You need to look into the Section 179 deduction. Under that you might qualify to write off the entire purchase in the year you buy the truck. You will need a tax person to help you on this to make sure you meet all the qualifications.

 

[ALAIDEL222]

Thanks

You need to look into the Section 179 deduction. Under that you might qualify to write off the entire purchase in the year you buy the truck. You will need a tax person to help you on this to make sure you meet all the qualifications.

Thank you very much I will try that. :

 

[ALAIDEL222]

Thank you very much kirby. your help is really appreciated it.

 

[ALAIDEL222]

I read the Section 179 but didn't find the place where it says anything about the qualifications I need in order to claim the deduction or the expense, all it says is for qualifying business. I will keep searching. Again, thanks a lot.