View Single Post
      07-05-2020, 04:46 PM   #1
Xeno's Avatar

Drives: 2019 X5 M Sport 5.0i
Join Date: Nov 2011
Location: USA

iTrader: (0)

Impact of pandemic on IRS Rule 179

I did not see a dedicated thread and have not found a web page that offers a streamlined explanation.

I use the IRS rule 179 for my G05. This year is problematic because all my flying (like SYD, Rome, Geneva) and driving trips have been cancelled.

If someone else here uses 172 and understands the impact of the pandemic on our 2020 tax returns please jump in. I remember several posts about the 172 rule when I was looking to buy, but those threads are likely not relevant.
2019 BMW X5 xDrive 50i M Sports: ZD8/ZLS/ZMP/ZP2/ZPK/ZPX/337/ZX7/2NH
2015 BMW X5 xDrive 50i/XL/CW/DA+/EP/LP/FVS retired; 2008 X5 4.8i; 2012 X5 5.0i retired, 2004 X4 4.4i retired
R360c + EL, V1G2 + V1Driver, Uniden R7

Last edited by Xeno; 07-07-2020 at 02:01 PM..