Used Model X Tax Write Off

[Epowers]

Does anyone know if a used Model X is applicable under the 179 tax write off? I am a realtor and looking to purchase a 2016 for business purposes, but currently hesitating because I've not been able to find much info in if a used vehicle qualifies the same as a new one does. Thanks for your insights!

 

[mswlogo]

No idea, but you might check out this thread. Might only apply to new as well.

Model X IRS 100% Deduction “Hummer Loophole” - 2018 Edition

 

[mjptech]

Does anyone know if a used Model X is applicable under the 179 tax write off? I am a realtor and looking to purchase a 2016 for business purposes, but currently hesitating because I've not been able to find much info in if a used vehicle qualifies the same as a new one does. Thanks for your insights!

We've taken Section 179 deductions many years for our business... It has to be "New to You" - meaning it can be a used vehicle or used piece of equipment, it just has to be "New" in terms that your business has not previously owned it.

Here's a good rundown on the vehicle requirements:
Section 179 Deduction for Trucks / Vehicles | Section179.Org