If you get a big tax break this year on your car, SUV, van, or truck, make absolutely, positively sure that you do not let your business use drop to 50 percent or less in the next couple of years. Why? If business use drops to 50 percent or less, you must
recapture your Section 179 deductions, and
recapture your MACRS deductions.
In summary: aim gun, shoot foot.
Example. You buy the $75,000 SUV mentioned in the article beginning on page 1 of ... Log in to view full article.