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Updated about 4 years ago,

User Stats

4
Posts
2
Votes
Tate Blackmon
  • Developer
  • Fort Worth, TX
2
Votes |
4
Posts

Can i use Section 179 for large equipment and truck

Tate Blackmon
  • Developer
  • Fort Worth, TX
Posted

Hello,

I own a home building business and we’re are trying to get more write offs. Currently many large equipment tract loaders, bobcats, Excavtors, etc are offering 0% financing for 5-6 years. Using section 179 would we be able to write off the entire cost of the equipment for 2020. So just say to make things simple tax is 30%, equipment cost $100,000,

Would we be able to write off $100,000, essentially saving 30k in taxes. Also can this be used for trucks as well? Thanks

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