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Business use dropping below 50%

Recapture as income

Can You Write Off Business Use Dropping Below 50%?

Short answer: If a vehicle or other listed property falls to 50% or less business use, the Section 179 or bonus depreciation beyond straight-line is recaptured as income.

Keep a mileage log every year you own it.

Records to keep: Keep the receipt, proof of payment, and a note or log showing business use; for mixed-use items, track the business percentage.