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Updated almost 4 years ago, 01/05/2021
Section 168 tax depreciation deduction
Has anyone taken advantage as a landlord of the Section 168 Bonus Depreciation of vehicles over 6,000 lbs GVWR?
It looks like there are a lot of small businesses out there doing so, per a few Tesla forums I read:
https://teslamotorsclub.com/tm...
https://forums.tesla.com/discu...
Any landlords out there taking advantage of this?!?
#5 General Real Estate Investing Contributor
- Rental Property Investor
- SE Michigan
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#5 General Real Estate Investing Contributor
- Rental Property Investor
- SE Michigan
Interesting tax deduction that I was not familiar with. This is probably a great idea for many. Thanks for sharing.
For those that are into real estate investing in a big way, this deduction is likely to go unused because we already have more tax deductions than we can use. Real estate is a great vehicle for building wealth!
@Greg Scott agree if you are capping passive losses but if one is able to claim a real estate professional (over 750 hours spent in the business + primary occupation of one of the spouses), carry over losses are unlimited and something like this Section 168 bonus depreciation and also Section 179 may reap lots of benefits for us.
