Bonus depreciation renewal
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For Sec. 179 and all depreciation purposes, the cost includes sales tax, fees, etc, but not loan interest, which is deducted separately. The current $25,000 limit is based on 100% business use.
Commuting from home to work is considered personal use and not business use.
Probably won't know until November or December if retroactive $250,000 Sec. 179 and 50% bonus (new only) comes back. Hope so.
Commuting from home to work is considered personal use and not business use.
Probably won't know until November or December if retroactive $250,000 Sec. 179 and 50% bonus (new only) comes back. Hope so.