section 179

I'm SURE this question has been asked on this forum...probably a thousand times, but I have searched and can't find my answer. I am a small business owner and am interested in purchasing a Model X while using the 179 tax benefit. I understand that the vehicle needs to be used for business...

So I had started a thread on the recent Trump tax plan (passed late 2017), effective this year, which allows business owners to IMMEDIATELY deduct (no depreciation) up to 100% of the value of a Model X as a business vehicle from their federal income taxed in the year of purchase. That said, the...

I’m creating a new thread on this issue since the old thread was about 2017 rules and got confusing. Since there’s been some confusion around this and I just typed the following up for someone else in a PM, thought I’d clarify the new rules under the Trump Tax Law that would enable up to 100%...

Hi everyone, As some of you are aware from previous threads here and on Forums and Reddit, because the Model X has a weight (GVWR, which is printed on a sticker on inside of frame on driver's door) of greater than 6000 lbs, it qualifies as a commercial heavy-duty vehicle, not as a passenger...