Bronco Nation

Tax time SUV over 6000 Gross maximum get big tax deduction for business. Bronco 4 door over 6k , say 4400 curb weight!

frankgoss
Mar 17, 2021

Rank V

Mar 17, 2021

As a retired CPA took great tax deductions for Expeditions(2) Cayenne , but retired and Range Rover Sport qualified, but sold tax practice since can' make bucks with free IRS softwear. Don't know what 2 door Gross . IRS went on door label and Land Rover gave me a seperate brosure explaining the tax loophole. Dud you see the VW Atlas commercial with some accountant. Many happy returns on St. Patrick Day
CCDetroit
Last edited by a moderator: Mar 17, 2021

Team Jeff!!

Mar 17, 2021

#1
Yep, my WT 4dr will be 100% tax write-off for 2021!! Gotta love having the tax deductions of a small business
WT HOSS 4dr 2.7 MIC Lux Tow
7/16/20 Res -- 1/22/21, 10/8/21 Order -- 3/24/22 VIN -- 5/9/22, 5/23/22, 5/16/22, 6/6/22, 6/17/22 Build 7/15/22 Delivered
CCDetroit

Rank VI

Mar 17, 2021

#2
ResidualGenius
Yep, my WT 4dr will be 100% tax write-off for 2021!! Gotta love having the tax deductions of a small business
What kind of business are you in? Construction?
ResidualGenius

Team Jeff!!

Mar 17, 2021

#3
3Dogs
ResidualGenius
Yep, my WT 4dr will be 100% tax write-off for 2021!! Gotta love having the tax deductions of a small business
What kind of business are you in? Construction?

Own a roofing company and online marketing company.
WT HOSS 4dr 2.7 MIC Lux Tow
7/16/20 Res -- 1/22/21, 10/8/21 Order -- 3/24/22 VIN -- 5/9/22, 5/23/22, 5/16/22, 6/6/22, 6/17/22 Build 7/15/22 Delivered

Rank VI

Mar 18, 2021

#4
I have my own business, but can’t figure out how to deduct a vehicle. I work out of my house, and only travel rarely to clients.

Team Jeff!!

Mar 18, 2021

#5
3Dogs
I have my own business, but can’t figure out how to deduct a vehicle. I work out of my house, and only travel rarely to clients.
I'm about 90% work from home and online, especially with COVID and Denver getting no hail last year.
WT HOSS 4dr 2.7 MIC Lux Tow
7/16/20 Res -- 1/22/21, 10/8/21 Order -- 3/24/22 VIN -- 5/9/22, 5/23/22, 5/16/22, 6/6/22, 6/17/22 Build 7/15/22 Delivered

Rank V

Mar 18, 2021

#6
Small business can take a bonus depreciation see instruction for IRS firm 4562 depreciation. deduction came years ago when limo industry complained. politician used limo at taxpayer expense so they got the law changed!
CCDetroit

Team Jeff!!

Mar 18, 2021

#7
frankgoss
Small business can take a bonus depreciation see instruction for IRS firm 4562 depreciation. deduction came years ago when limo industry complained. politician used limo at taxpayer expense so they got the law changed!
There are new 2020 tax laws that make it even sweeter too. Really no reason every person shouldn't have some type of small business to save on taxes compared the the W2 crap taxes
WT HOSS 4dr 2.7 MIC Lux Tow
7/16/20 Res -- 1/22/21, 10/8/21 Order -- 3/24/22 VIN -- 5/9/22, 5/23/22, 5/16/22, 6/6/22, 6/17/22 Build 7/15/22 Delivered
CCDetroit

Rank IV

Mar 18, 2021

#8
Love this thread, Thanks!!! Will definitely be deducting for 2021.
ResidualGenius

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