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Re: Rcheco post# 20240

Sunday, 03/18/2007 12:27:22 PM

Sunday, March 18, 2007 12:27:22 PM

Post# of 143047
If you own a business and expense a vehicle that is like 6000 lbs. and it is used for primarily business purposes, you can expense up to $25k in the first year (itemize it) and then expense the rest over 3 years I believe.

This is ideal for people in real estate, I had my grandparents do this for when they fix up their rental properties. It used to be you could expense everything, thats why so many accountants told their clients to get escalades and hummers.

All in my own Opinion, Not a Recommendation!!! But let's try to make some money!