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?

posted

Connect with an expert

1 Reply

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.

https://www.irs.gov/publications/p946/ch02.html

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post