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Discussion Forum Index --> Tax Questions --> 179 a vehicle and then changing service
Paparich (talk|edits) said:
| 26 September 2006
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| My tax situation this year behooves (is that right?) me to 179 as much as I can. The vehicle is going to be used to transport entertainment equipment etc..this year. I am also in discussions to aquire rental properties which wont likely finalize until next year. can that vehicle be used to support that rental business also? Thanks in advance, I have gotten some very useful info from this site.
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Paparich (talk|edits) said:
| 28 September 2006
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| Your silence tells me the answer is either no, or it is too complicated to leave in a discussion forum type reply, so I will try and do some research.
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Alanulare (talk|edits) said:
| 28 September 2006
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| both of those situation would allow you to deduct transportation. You will only be able to take the section 179 against the schedule C. You need to keep accurate mileage records so that you can back up the business use and the rental property use. You must use the car at least 50% for business to take the 179. It would still be prorated based on personal use.
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