“Sandy, you mentioned on your webinar that automobile depreciation allowance has almost tripled. In addition, we can deduct 100% of the business use of any new or used SUV or truck if it is new to us. When do these new rules and especially the new depreciation rules come into play? “Thus, if I buy a vehicle in 2017, can I use the faster depreciation for the 2 through 6 year?”
Answer: This is a great question. The new rules take effect for vehicles placed in service and purchased in 2018 and thereafter. Sorry.
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