title>Tax Guru-Ker$tetter Letter Wizard Animation

                 

Tax Guru-Ker$tetter Letter
Tuesday, February 21, 2006
 
Used Vehicles Qualify For Sec. 179

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

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- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 2/21/2006 12:58:00 PM Send this post:

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