topic Can a corporation purchase and deduct the cost of a mobile home to be used as an office? in Self employed

Can a corporation purchase and deduct the cost of a mobile home to be used as an office?

BrokeLoser — Wed, 22 Jan 2025 23:14:23 GMT

We are a small construction firm, we rent five acres to park trucks and store equipment /material. We want to buy a mobile home to put on the property to use as office space. The mobile home we’re looking at is $65K, if we purchase it outright this year can we deduct the total cost of $65K for 2025 under section 179 maybe?

Please note: This is not a travel trailer but a moveable mobile home.

Thank you.

Re: Can a corporation purchase and deduct the cost of a mobile home to be used as an office?

KrisD15 — Wed, 22 Jan 2025 23:58:33 GMT

YES.

It does not need to be paid in full, (it can have a loan on it, that is the same as buying for cash since you are liable for the loan) but yes, enter it as a business asset, not a business vehicle.

HERE is an example of what you are asking.

Re: Can a corporation purchase and deduct the cost of a mobile home to be used as an office?

BrokeLoser — Thu, 23 Jan 2025 00:05:43 GMT

Just to clarify, this mobile home is not a motorhome, it can’t be driven. Not sure if that matters.

Thank you for the prompt response

Re: Can a corporation purchase and deduct the cost of a mobile home to be used as an office?

KrisD15 — Thu, 23 Jan 2025 00:17:38 GMT

No,

That does not matter. Thank you for the added information.

If the entire 179 is not utilized (it may be limited because of business income; see page 19 of this link) , be sure the remaining amount gets carried forward to next year.