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?
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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?
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?
The IRS allows a 5-year depreciation term on the RV.
Generally, you cannot claim a section 179 deduction based on the cost of property you lease to someone else.
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