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Updated about 7 years ago, 09/28/2017
Section 179 Vehicle Depreciation
If I purchase a 'used' truck (6000#+ GVWR, extended cab, short bed) this year, can I deduct the entire purchase amount on this years taxes? Purchase cost will be less than $25,000. The vehicle will be used 75-100% for business for the next 5+ years. Will I have to recapture depreciation when I sell? Thanks