cpa3917 Posted February 1, 2008 Report Share Posted February 1, 2008 I entered a $44,000 SUV in Asset Entry (>6000 lbs) and expected Sec 179 to be limited; however, it took the whole amount. Anyone else have this problem? Quote Link to comment Share on other sites More sharing options...
Booger Posted February 1, 2008 Report Share Posted February 1, 2008 I entered a $44,000 SUV in Asset Entry (>6000 lbs) and expected Sec 179 to be limited; however, it took the whole amount. Anyone else have this problem? I believe that if the vehicle GVW is >6,000, there IS no limit on Section 179. Booger Quote Link to comment Share on other sites More sharing options...
cpa3917 Posted February 1, 2008 Author Report Share Posted February 1, 2008 I believe that if the vehicle GVW is >6,000, there IS no limit on Section 179. Booger No-there is a limit-see below: As of October 22, 2004, the maximum amount that can be claimed for SUVs weighing between 6,000 and 14,000 pounds is $25,000. The remaining $77,000 can be used for other kinds of business equipment, including vehicles weighing more than 14,000 pounds. Unless this changed, ATX Asset Entry forms are wrong-its becoming harder to trust their products!! cpa3917 Quote Link to comment Share on other sites More sharing options...
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