Hey Everyone, Boris here. Make sure you check out these links. 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know - www.7TaxWriteOffs.com ☎ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
What about depreciation recapture upon disposition of the asset? Will the asset still be subject to recapture if sold by the taxpayer? Would the milage depreciation adjustment also apply and generate recapture tax?
Great video Boris. Is the strategy you outline here for a "personal car" (emphasis on the word "car") more or less advantageous than using your business to buy a Section 179 6,000+ pound SUV/truck that is used >50% for business? Seems like the latter would be more advantageous from a tax perspective.
Hey Everyone, Boris here. Make sure you check out these links.
🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know - www.7TaxWriteOffs.com
☎ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com
👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM
What about depreciation recapture upon disposition of the asset? Will the asset still be subject to recapture if sold by the taxpayer? Would the milage depreciation adjustment also apply and generate recapture tax?
Great video Boris. Is the strategy you outline here for a "personal car" (emphasis on the word "car") more or less advantageous than using your business to buy a Section 179 6,000+ pound SUV/truck that is used >50% for business? Seems like the latter would be more advantageous from a tax perspective.
Thank you for this video!
can you use this strategy and take mileage as well ?