B
Berob
My father is considering the purchase of a full size SUV and recently became
aware of the new Section 179 Bonus Depreciation "rules". I must confess
that he and I know very little about it (hence my post here), but it
certainly sounds intriguing. My father owns 8 rental properties and the
vehicle would be used both personally and in the course of maintaining the
rental properties. My main questions are: 1) does it sound like this
qualifies for this type of depreciation and if so, how much? 2) if he
purchases before December 31st, can he claim the full depreciation benefit?
3) what impact would it have if he sells all of his rental properties next
year?
I realize that this is probably a complicated topic, but I thought someone
might could hit the high points so I can tell if this is worth pursuing.
Thanks, and Happy New Year.
aware of the new Section 179 Bonus Depreciation "rules". I must confess
that he and I know very little about it (hence my post here), but it
certainly sounds intriguing. My father owns 8 rental properties and the
vehicle would be used both personally and in the course of maintaining the
rental properties. My main questions are: 1) does it sound like this
qualifies for this type of depreciation and if so, how much? 2) if he
purchases before December 31st, can he claim the full depreciation benefit?
3) what impact would it have if he sells all of his rental properties next
year?
I realize that this is probably a complicated topic, but I thought someone
might could hit the high points so I can tell if this is worth pursuing.
Thanks, and Happy New Year.