I’d Iike to open a food truck as a sole owner of an LLC. The truck will be above 6000 gvwr, new and I’d like to send it off to get renovated.
I currently work at a hospital, so I’ll also have a W2. I know that my expenses will be above my net income, but I also know that you’re able to take a loss if you’re a sole proprietorship.
I’d like to know if section 179 and the 100% bonus depreciation deduction can be used on a food truck and renovations.
Should I choose one or both of them?
Thank you
