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TaxyTax
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  • Hi@NCpersonThere’s a hidden impact of vehicle resale value loss. With the exception of Teslas, every car loses value And in some cases depreciates faster than t...
    TaxyTax
    6
    Updated Jul 04, 2022
  • Very good point!Assuming both self employment tax and W2 related income tax situation. Ordinary income from Recapture would raise “personal income tax bracket” ...
    TaxyTax
    Updated Jul 01, 2022
  • Very comprehensive response!Given that P-D is 0 if full price is depreciated in year 1. Then the SP is almost always likely to be lower than P, but greater than...
    TaxyTax
    Updated Jul 01, 2022
  • Nicely summarized. Yes, I suppose the question is not just about MARCS vs 179 within the tax year, but also about the applicability to repeat vehicle depreciati...
    TaxyTax
    Updated Jul 01, 2022
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