For taxation in the United States, the Limits on Depreciation Deduction (Section 280F)[1] was enacted[when?]
Section 280F[1] is a policy that makes the Internal Revenue Code more accurate by allowing a taxpayer to report their business use on an asset they may also need for some personal reasons.
Section 167(a)[2] allows a depreciation deduction for property used in the trade or business of the taxpayer.
[1] If listed property is not used for a qualified business, the accelerated depreciation deductions will be recaptured under 280F(b)(2).
Even if the taxpayer uses the automobile, or other listed property, exclusively for business use, the depreciation deductions are still limited by 280F(b)(3).