Section 179 - Used Equipment
Hi, if a 2015 tractor was purchased in 2022, can I fully expense it under Section 179 for the 2022 tax year? Thank you
Hi, if a 2015 tractor was purchased in 2022, can I fully expense it under Section 179 for the 2022 tax year? Thank you
Yes, used equipment can be used for the 179 deduction as long as it was not purchased from a related party and you are putting it into use for the first time in the year it is claimed.
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