Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
Can i use Section 179 for large equipment and truck
Hello,
I own a home building business and we’re are trying to get more write offs. Currently many large equipment tract loaders, bobcats, Excavtors, etc are offering 0% financing for 5-6 years. Using section 179 would we be able to write off the entire cost of the equipment for 2020. So just say to make things simple tax is 30%, equipment cost $100,000,
Would we be able to write off $100,000, essentially saving 30k in taxes. Also can this be used for trucks as well? Thanks