. When a taxpayer buys a new vehicle for business use, you should __________.

Discuss how 179 and bonus depreciation will affect this year's tax return, as well as future years, and let them decide what is best for them.

Discourage them from taking a 179 deduction, because it is rarely beneficial.

Encourage them to take both the 179 deduction and bonus depreciation to benefit on this year's tax return.

Encourage them to take both the 179 deduction and bonus depreciation to benefit on this year's tax return.

When Gregory separated from service with his former employer, he had a $15,000 outstanding balance in an employer plan loan. He received a total distribution of $25,000 without regard to the loan. The check he received was for $10,000. He did not roll-over any amount to another plan. The taxable portion of Gregory's distribution is __________.* $0 $10,000 $15,000 $25,000

Explain Please!