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Originally Posted by Phester
The max amount of the cost of an SUV that may be expensed under Sec. 179 if the SUV is exempt from the luxury car caps (e.g., is built on a truck chassis and has a GVWR in excess of 6k lbs) is limited to $25k (or the business use % of) placed in service after 10/22/04.
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Phester, you are correct, sir. It used to be $100k, I think, and it was originally designed for farmers not yuppies.
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Originally Posted by blondboinsd
I don't have it anymore, when Chuck and I split a few weeks ago ...
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Ryan, I am truly sorry to hear about your misfortune. Did you have to have your marriage liscence annulled, assuming state of Hawaii allowed you to have it to begin with?
Unlike California, we have community property for a married couple in CA, in Hawaii I heard it is different. Do you need a divorce lawyer?
I wish you well.