Article Date:
November 2008

Word Count:



No Expensing Allowed on Purchase of Leased SUV

I have been leasing a Ford Navigator, and just a few months ago I purchased it when the lease expired. Since this vehicle passes the weight test to qualify for Section 179 expensing, and since I just bought it, may I claim Section 179 expensing on it? (S.H., Bloomington, Indiana)


No. Your SUV does not qualify for Section 179 expensing, because you used this property before you purchased it.1


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