topic Looking to purchase an RV (travel trailer) to rent out as a business. Can any portion of the cost be written off with this new business? Any insights on Section 179? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/looking-to-purchase-an-rv-travel-trailer-to-rent-out-as-a-business-can-any-portion-of-the-cost-be/01/508369#M65239 Wed, 05 Jun 2019 02:25:07 GMT ftwarfield 2019-06-05T02:25:07Z Looking to purchase an RV (travel trailer) to rent out as a business. Can any portion of the cost be written off with this new business? Any insights on Section 179? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/looking-to-purchase-an-rv-travel-trailer-to-rent-out-as-a-business-can-any-portion-of-the-cost-be/01/508369#M65239 Wed, 05 Jun 2019 02:25:07 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/looking-to-purchase-an-rv-travel-trailer-to-rent-out-as-a-business-can-any-portion-of-the-cost-be/01/508369#M65239 ftwarfield 2019-06-05T02:25:07Z The IRS allows a 5-year depreciation term on the RV. Gene... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-irs-allows-a-5-year-depreciation-term-on-the-rv-gene/01/508376#M65241 <P>The IRS allows a 5-year depreciation term on the RV.</P><P>Generally, you cannot claim a section 179 deduction based on the cost of property you lease to someone else.</P><P> <A href="https://www.irs.gov/publications/p946/ch02.html" rel="nofollow" target="_blank">https://www.irs.gov/publications/p946/ch02.html</A> </P> Wed, 05 Jun 2019 02:25:09 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-irs-allows-a-5-year-depreciation-term-on-the-rv-gene/01/508376#M65241 view2 2019-06-05T02:25:09Z