The luxury auto cost recovery limits applies to all automobiles.
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Q10: The § 179 deduction can exceed $1,020,000
Q11: Land improvements are generally not eligible for
Q12: Any § 179 expense amount that is
Q13: Property that is classified as personalty may
Q14: The cost recovery period for three-year class
Q16: The basis of cost recovery property must
Q17: New and used personal property placed in
Q18: Taxpayers may elect to use the straight-line
Q19: Under the MACRS straight-line election for personalty,
Q20: The basis of an asset on which
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