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Section 179 - does mileage matter?
You want the 168 deduction which gives you a 100% accelerated/bonus deduction if it's a business vehicle - hence the timing to put the SUV in service in service in service in December, and keep records. Once you take depreciation, you can't take standard mileage deductions since that has a... -
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TESLA X section 179
The optimal scenario is that your business makes at least $120,000 in pass-through income for a given tax year AND you acquire the SUV in December. Keep records and drive it 100% for business until Jan 1. You can claim 100% business use for the year and take accelerated/bonus depreciation... -
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TESLA X section 179
Maybe. I'd try to stay as close as possible to "this is a business asset that the business owns".