I am planning to buy a $113,000 motor home and use Section 179 to expense the entire $113,000.
My plan for this year is to use the motor home in my dental practice for two trips to national conventions. I will use the motor home for no other purposes this year.
Next year, I will turn the motor home over to an RV franchise that rents motor homes to the public for one-, two-, and three-week vacations.
I will show a profit on ... Log in to view full article.