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Section 179 depreciation recapture question
Hello all, I bought a new truck for my business last year and claimed the entire purchase price as section 179 depreciation. I have a separate car for personal use so I'm currently using the truck 100% for the business.
I am now thinking of selling my personal car. If I do and don't buy a replacement can I avoid recapture? I very seldom drive for personal stuff so I would still use the truck more than 50% for the business, but it would then be less than 100%. If this would trigger recapture how would I calculate it? I am wondering if it might be cheaper to just buy an inexpensive car to drive around for personal tasks rather than pay the recapture, but of course that depends on the numbers.