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Old 12-05-2014, 05:56 PM
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Join Date: Dec 2014
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Schedule C business closing Question

I have a small business for which I will be closing soon. I understand it is very simple to close a small business if you file schedule C. My question is, I have a vehicle that I used Section 179 3 years ago. It is fully depreciated now. Do I have to do something with this vehicle since it is still under the 5-year "recovery period?" I just want to make sure. Thanks.



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