Quote:
Originally Posted by Swancoat
Man. The fact that you can deduct an F83 through a business is evidence that the tax code needs some work.
|
Regardless... you gotta make the money to deduct.
Also, this is section 179 accelerated depreciation with a limit of $11k first year (for F83). You can depreciate a dump truck or a Ferrari as long as you use them for business.
I prefer not to drive a dump truck to business meetings. An F83 is certainly no different than a Benz if it is your daily.