Recent content by nomad415

I figured out the section 179 stuff. The income from the real estate business is not showing on the Schedule C because, the rents received were not on a 1099. The rental income shows on Schedule E. Yes, I have checked 'active managed' rental properties etc.

Thanks for the responses, I found the appropriate place to enter the car as a business use. Its in the screenshot attached. Now, logically the business income should show the amounts I have entered as rental income, but it does not.I guess thats because rental income is not considered 'earned...

where is the section for cars, I dont see it under business income in Turbo tax. See the sceenshot attached.

@MelaniainLA @cpa - I have read all of your posts. Thanks for those. Highly appreciate, if you can look at my question below and advise. Thanks I purchased a Tesla Model X LR 2020 on 12/29/2019. I have a W2 full time job. My wife runs a real estate business, in which I help out too. We are...

Otherwise, I love the car. Been driving for two weeks now. The FSD is amazing, I wish it stopped at red lights though :-) I hope they fix it as new tomorrow. Does anybody know if they will provide a loaner ?

Tesla sent me a letter giving me the option to do self register the new 2020 Tesla Model X I purchased last week. Have any of you done a tesla ‘self registration’. This means i do registration and titling of my tesla, and tesla will refund to me any fees and taxes i paid to tesla. I am in...

I drove up to the Austin SC. It was sunday Jan 6th. I was greeted by two friendly gentlemen there. They pulled up my record and saw the notes made in my due bill by the Dallas SC where I had taken delivery last week. They said it will be taken care of, but not today. Since the Service department...

Pictures attached

I took delivery of my new Model X LR from the Dallas service center(plano) on Dec 29th 2019. Identified 3 issues with the car 1) Paint scratch near the hatch around 1 inch long 2) Metal popping out near the side light(pic attached) 3) The chrome trim not aligning in several spots around the...

I did it!! Pulled the trigger on a 2020 Model X long range 7 seater FSD on Nov 12th 2019. I was matched with an inventory model VIN in Dallas. I live in Austin, Tesla told me if I really need it before Dec 31, I need to go to Dallas and pick it up. I am heading there now for delivery scheduled...

Congrats. How do u do a chrome delete? How much does it cost.

I am interested, please send me a Carfax report. I am trying to figure out how to direct message u from this forum

Does the ‘Ludicrous Performance ‘ option use up more battery compared to a non-P model X? Less than 3 miles per Kwhr for Performance option was stated in another post. How many miles per kwhr will a Model X 100D provide?

I purchased the turbotax home and business software for 2019 to figure out how the entire model X purchase can be deducted. It's complex, I am going to seek a CPA. but here is a link to IRS doc that outlines the laws around section 179 and 168(k)......https://www.irs.gov/pub/irs-pdf/p946.pdf

How do check for sentry mode? And this is a 6/17 build, I mis read it as 8/17 from the picture of the VIN door tag