Hello,
I have a W2 job and also I am an owner (one out of two) of a partnership company which does property rental business.
The business needs a vehicle.
So my first question is: Could the business loss offset my W2 income?
My second question is: If I buy a vehicle over 6000 lbs for the business, can I write it off using Section 179? If the business loss can be passed through my W2 income, does it mean I can write off the vehicle cost from my W2?
My third question is: Do I need to use the Premier version or Home&Business version?
Thank you.
