Skip to main content
June 4, 2019
Solved

My prior business assets were depreciated using straight line. For my new assets purchased in 2018, can I use 179 while keeping the old assets as straight line?

  • June 4, 2019
  • 1 reply
  • 0 views
No text available
Best answer by KrisD15

Yes, the 179 deduction can only be used on assets that were purchased and put into service this tax year (2018).  

1 reply

KrisD15
KrisD15Answer
June 4, 2019

Yes, the 179 deduction can only be used on assets that were purchased and put into service this tax year (2018).  

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
andlawreAuthor
June 4, 2019
Using the Turbo Tax software why does it tell me that I have to use the same method as I used prior for assets in the same class when I try to use the 179