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Old 10-08-2020, 01:04 PM   #14 (permalink)
Hersbird
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There was also that immediate capitol investment write off for business who bought something over 8000 lbs gvwr. A bunch of direct sales like Amway and Scentsy went out and bought Hummer H2s.

I think that rule is still in place but now its 6000 pounds and you have to take it over 4 years. Before you could wait until December, buy one, use it 100% for business use for a month, deduct the whole depreciation for that year, and move on with your life in a large SUV to be used business or pleasure as you wanted.
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