- Joined
- Jul 21, 2020
- Threads
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- 289
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- 485
- Location
- Pinehurst, Texas
- Vehicle(s)
- 2022 Ford Bronco Outer Banks SAS
- Your Bronco Model
- Outer Banks
Section 179
Sponsored
Yes, that's correct. But it's only 51% or greater business usage to qualify.Depending on what percentage of its use is attributable to your business. And other things people should really talk to their accountants about!
I saw that!!! I did that with my Honda Pilot 4WD a few years back and may just do the same with our OBX trim when delivered (assuming it has 6,000lb min GVW). I will also be keeping it a minimum of 5 years which I believe the IRS also requires.FYI, at 6000+ lbs, if you are using it for work/business, you can depreciate/write off the entire purchase price of the vehicle in the first year under current IRS regulations.