I bought a Tesla Model X on Nov 19, 2022 for $124,772.
It is over 6000 lbs and I use it 55% for business. The total write off is $68,625.
I set it up as an asset under "G - Tools, equipment"
I read that I can only take a section 179 deduction under the SUV Section of $26,200 and the rest should be Special Depreciation Allowance so I took a section 179 in the amount of $25,000 and Special dep allow amount of $43,625.
Did I do it right?
