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Unformatted text preview: tax years: $1,875 More on Automobiles
More on Automobiles
One would generally not use § 179 with respect to an auto or light duty truck.
– Why? Because any amounts in excess of the annual nts
annual limits are carried to the end of the vehicle’s life. SUV exception$25,000 limit on § 179. – Calculate depreciation under MACRS
– The annual deduction is limited to the amount from the table (so take the lesser)
– Any excess is carried forward to the end of the assets MACRS life Realty
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