Paul Green
Question about leasing a vehicle
This is off topic, but I am looking at spinning up a second llc to lease a vehicle back to my REI llc. Does anyone have experience with this, or can point me to a resource? I have a few questions about this.
Laura Newton
Bonus depreciation on dedicated vehicle
I have 2 short-term rentals and I'm thinking of getting truck to help support with maintenance and back-and-forth to property. It will be dedicated to property. The truck I like is Ford electric in $50 - 60k range. Ca...
Robert D.
small parcel into advertising vehicle
If you acquire a small parcel of land in residential part of the city and you want to put a sign on that parcel that will display advertisement of any legal businesses e.g. “we buy houses” or “New Printing Shop Jus...
Tom Henderson
Best Vehicle for DIY Landlord
Hello Everyone!I am looking for a new vehicle that I can use for construction projects, and also outdoor activities in Minnesota-- hunting, fishing, hauling kayaks..For my business, I usually redo the unit once I buy ...
Marvin Hibler
Side hustles and company vehicles
Does anyone on here host on any car sharing services. Just looking to add to my cash flow. And any advice and tax help on purchasing vehicles and what I can deduct at the end of the year for cars purchased and or fina...
Swathi Vijayakumar
Fencing company Stained Tenant Vehicles
Hi We recently got some fence work done on a rental property. We found the fencing company before and loved them so we used them for this property. One of the workers from the fencing company accidentally got stain on...
Sean Stack
Business vehicle depreciation write off?
Guys, I’m new to owning a business and the tax rules that go with it. Formed an LLC in 2022. Haven’t done anything with it until last month. (I just bought a vacant lot that I’m getting ready to build a house on start...
Rick Barbato
Section 179 vehicle write off
Can anyone tell me what the “back in my pocket” amount I’d receive from using the section 179 vehicle tax deduction?For instance, say I purchase (for my business) a vehicle over 6000 gvwr, for 40k.If I’m able to write...
Joe Wood
Section 179 on passenger vehicle
Hey everyone,Stumbled across section 179 while looking for ways to increase my deductions. Anyone familiar with this? My wife and I bought a Ford Edge which is in our names, not the LLC. Will we be able to expense par...
Ryan Dossey
Car accident and "cheap" vehicle.
Well today hasn't been the most fun. My wife called me telling me she was in accident. She is fine. (thank God!) Her 2001 Ford Escape on the other hand we shall see..... She was rear ended and her car won't drive. The...