Question section 179 deduction

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Joined
Nov 14, 2019
Messages
734
Location
Orinda, CA
TOW/TOAD
2015 Jeep Trailhawk
Fulltimer
No
I was talking to a coach owner the other day and he was telling me a lot of people use the section 179 to purchase an RV and take the deduction against their business. I am curious how many others know about this and use it too. I am sure there are a lot of caveats to doing it.


Section 179
 
Joined
Nov 2, 2019
Messages
2,579
Location
WA, MT or somewhere else!
RV Year
2018
RV Make
Newmar
RV Model
Mountain Aire 4047
RV Length
40'
TOW/TOAD
2014 Honda CR-V
IIRC, Section 179 deductions require that the item be used at least 50% for business purposes. And, I do know (don't ask "how" I know) that IRS will require substantial documentation of "business use." I'm sure that there are probably some folks who could meet that standard for a motorhome, but I'd hazard a guess that there won't be many.

Before I went down the Section 179 road with a motorhome, I would be consulting a qualified and knowledgeable tax attorney and/or CPA.

TJ
 
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