USA Vehicle, Depreciation and personal use


AGH the CPA

VIP Member
Joined
Jun 16, 2017
Messages
132
Reaction score
19
Country
United States
SUV placed into service in 2019 - paid 17k. Looking to use bonus depreciation option. vehicle is also used for personal commuting. What do I need to consider?
 
Ad

Advertisements

Werner Reisacher

VIP Member
Joined
Jun 30, 2017
Messages
234
Reaction score
26
Country
Netherlands
Irrespective of the type of depreciate you are using, only the % of the value of purchase price of the car that is used for business purposes can be depreciated.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top