Article Date:
July 2019


Word Count:
587

 

 

Impact of Death, Retirement, and Disability on the 179 Deduction


Situation

 

You operate your business as a proprietorship.

 

In 2017, you purchased for business use a pickup truck with a gross vehicle weight rating greater than 6,000 pounds. Asserting that you use the pickup 100 percent for business, you expensed the entire $55,000 cost.

 

Tax Question

 

What happens to that $55,000 expensed amount if you die, retire, or become disabled before the end of the vehicle’s five-year depreciation period?

 

Rules

 

Section 179 deduction. The Section 179 deduction ... Log in to view full article.

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