Deductions
“I bought a heavy luxury SUV primarily for my real estate business, how does the Section 179 vehicle deduction actually work for passenger vehicles?”
For a heavy luxury SUV used in a real estate business, the Section 179 treatment often turns on how the vehicle is classified, how much it is used for business, and whether it meets the weight and business-use tests that apply to passenger-type vehicles. The details can vary based on the vehicle’s gross weight rating, whether it is considered a sport utility vehicle or a different category, and how the purchase is documented in the business records. Depreciation timing, bonus depreciation availability, and personal use also commonly affect the final result. A short conversation with a CPA can sort out what applies to your specific numbers.
In your 60-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“I incurred massive personal credit card debt to fund my struggling business, is the crippling interest I pay on those cards tax deductible?”
“I use my personal cell phone extensively for my freelance work, what exact percentage of my monthly phone bill is safe to write off?”
“I run a failing e-commerce business and have obsolete inventory sitting in my garage, can I completely write off the cost of unsold goods?”
“I bought a new high-end laptop exclusively for my side hustle, what specific receipts or logs do I need to keep to prove this to an IRS auditor?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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