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Originally Posted by bjo
All, I am a self-employed consultant whose main place of business is his home. My wife and I are considering an X5 and I understand that I maybe able to write off a nice portion of the cost since the GWVR is 6000lbs. Since it will be used 70% of the time for business, I understand that I will be able to write off 70% of the max ($25k) deduction? Is this correct? Are any of you all doing this? Thanks
-BJ
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Yes you are correct and yes i am currently doing it. I get 100% deduction since its my only company car and i always use it for work. and its all legal
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Dinan M3
2006 X5 4.4i Sport Current Vehicle
2006 CLS 55 AMG Current Vehicle
2010 FORD F-450 King Ranch Current Vehicle
2012 GL 550 Current Vehicle
1999 M3 Dinan S3 SOLD
2001 M3 Dinan S2 SOLD
2002 M5 SOLD
2004 X5 4.4i sport SOLD
2007 335 XI Lease ended
2009 E92 M3 SOLD
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