When it comes to leveraging vehicle purchases for tax benefits, it's important to navigate the details carefully. Under Section 179, vehicles over 6,000 pounds can be fully written off, but remember, deductions must be both ordinary and necessary per IRC 162A. If you're considering leasing, be aware of luxury vehicle lease caps and be able to substantiate actual business use to keep yourself out of the crosshairs of the IRS.
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credit (IG):
Grant Cardone -
@grantcardone
SF0462