sjrcpa
Level 15
03-10-2026
05:00 PM
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There used to be an anti churning type rule that said you couldn't claim 179 in this situation. Don't know if there still is.
Also, what's the basis of the vehicles? If used 100% for business they were probably depreciated, or deemed depreciated by the depreciation factor in the cents per mile reimbursement amount.
And they get transferred in at FMV, not original cost.
Why did he do this?
The more I know the more I don’t know.