Discussion:Last Chance: Motor Home & 179
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| Revision as of 20:33, 27 June 2006 Mtmckeecpa (Talk | contribs) (New Discussion) ← Previous diff |
Revision as of 23:02, 27 June 2006 Warren (Talk | contribs) (As long as it is) Next diff → |
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| + | {{ForumReplyPost|UserID=Warren|Date=27 June 2006|Text=As long as it is used in the business 100% and it's ordinary and necessary for the type of business, I would say that it could be expensed under IRC 179. It doesn't even fall under definition of SUV so it wouldnt be limited by the $25k limit. The IRS auditor would challenge it under audit I would think but if it is ordinary and necessary in that type of business and it is actually used 100% for business I would think that you could support it. Keep good mileage and usage records!!}} | ||
Revision as of 23:02, 27 June 2006
Discussion Forum Index --> Tax Questions --> Last Chance: Motor Home & 179
Mtmckeecpa (talk|edits) said: | 27 June 2006 |
| About a week ago I posted a couple of questons about motor homes (RVs) and whether or not a 179 deduction was available. Had no reponses...
I could only find one court case (Robert D. Shirley, TC Memo 2004-188) about taking the 179 on a motor home...taxpayer prevailed becuase they were in the business of renting and selling motor homes, etc... Has anyone taken IRC 179 or reg depreciation on a motor home (RV) used in a trade or business other than a motor home rental business? Maybe used as a business vehicle or taken a portion of a motor home under some other theory? If you have an opinion and you don't want to post it here contact me offsite. Thanks. | |
| 27 June 2006 | |
| As long as it is used in the business 100% and it's ordinary and necessary for the type of business, I would say that it could be expensed under IRC 179. It doesn't even fall under definition of SUV so it wouldnt be limited by the $25k limit. The IRS auditor would challenge it under audit I would think but if it is ordinary and necessary in that type of business and it is actually used 100% for business I would think that you could support it. Keep good mileage and usage records!! | |
