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IRS section 179 and the X5 IRS section 179 and the X5
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Old 07-28-2006, 01:55 PM
bjo bjo is offline
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IRS section 179 and the X5
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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