Good morning everyone,I have a question regarding section 179 and if I would be able to deduct certain expenses against my income. My question is whether or not I can expense the full amount of my purchases against my...

I have a theory that the reason why most millionaires in America drive F-150s is because one they can be economical and two because most MIllionaires are created through real estate, otherwise they would all be drivin...

I am a real estate agent that also has a W2 job. This year I closed on my primary residence where I acted as my own agent and earned a commission so I will have a 1099 from my brokerage at the end of the year. I am ge...

I own a 2004 pickup truck with 175000 miles. I just took it to the shop to get a repair quote. It’s about $2000 for the main repair. There are a few other smaller things that need repair as well.I have the cash to buy...

I need/want a pickup truck and was wondering if I would be able to write it off as an expense for the rental property. I own a 2 family and would use it mostly for work around the house. I would like to mention I li...

This is my first post on here so bear with me. I am looking for ideas on how to offset my real estate gains. A little background is I am single and make approximately 150k/year in my non-realestate W2 dayjob. I have 3...

I'm not at the point where I think purchasing a truck/van to haul supplies (-ie, lumber, cabinets, water heaters, etc) is justified.  However, I do need to find a way to haul large items from Lowe's/Home Depot to my p...

I need to spend some money and cut down on taxes. CPA advises I purchase a vehicle so I'm curious about the advantages and I'm very short on time because it has to be done by December 31st.I understand what type of ve...

In middle of refinancing out on my rental property and lender is questioning a deposit of 3,000 from old work truck that I sold for cash. I've sent bill of sale and insurance being cancelled on the truck and even Scr...