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    Tag Archives: new car showroom

    *Tax Quips, Auto Expenses, Depreciation, Recapture, Section 179

    Bonus Depreciation

    Posted on June 21, 2011June 21, 2011 by TaxMama

       Today TaxMama hears from Scott in the TaxQuips Forum with this question.  “How long would you have to keep a business vehicle to take advantage of bonus depreciation deductions? What if I sold a new business use vehicle after three years, are there penalties?

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    Posted in *Tax Quips, Auto Expenses, Depreciation, Recapture, Section 179  |  Tagged bonus depreciation, Business, Business/Finance, Car, Depreciation, economics, Free, Generally Accepted Accounting Principles, New Car, new car showroom, Sec 179, section 179, Section 179 depreciation deduction, tax advice, tax answers, Tax Information, tax podcast, tax questions, Taxation in the United States, TaxMama, TaxQuips, U.S. Securities and Exchange Commission, used car 2 Comments
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