My wife is a real estate agent and wants to buy a new SUV to use at least 50 percent of the time for this business. What is the best way to do this? Here are a few more details. She didn’t have the best year so the cost of the new SUV (let’s say$65k) will be more than her gross. I am a W2 employee and we file Married - Filling Jointly. With my income we would still be in the green. Is it advisable to use Section 179 or what would be the best way to write the vehicle off? Can any of this help offset my taxable income? Thanks in advance!
