If I purchase a new motor home in 2019 for $130,000 & use it 100% for business can I deduct the full price using 100% additional depreciation ???
Best Answer Click here
This discussion has been locked. New comments cannot be posted on this discussion anymore. Start a new discussion
Bender, thank you for joining community!
Interesting question or tax planning strategy. If you are depreciating it as a business vehicle, it is not subject to luxury auto limits and the answer appears to be yes. Bonus depreciation applies to personal property with a useful life of less than 20 years.
Motor homes are often treated as second residences, or even home offices. If you treat the MH as 100% business, make sure the taxpayer has another residence and isn’t only sleeping in the business vehicle, which would indicate personal use. Good luck!
Bender, thank you for joining community!
Interesting question or tax planning strategy. If you are depreciating it as a business vehicle, it is not subject to luxury auto limits and the answer appears to be yes. Bonus depreciation applies to personal property with a useful life of less than 20 years.
Motor homes are often treated as second residences, or even home offices. If you treat the MH as 100% business, make sure the taxpayer has another residence and isn’t only sleeping in the business vehicle, which would indicate personal use. Good luck!
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.