Can my client take economic stimulus - special 100% depreciation on Mercedes Benz G63 purchased for $332,500? This vehicle is used 100% for business

Forum|Forum|2 years ago
November 29, 2023
3 replies
154 views

The vehicle is purchased in S- Corporation name and is used 100% for business

ProSeries Professional

This topic has been closed for replies.

IRonMaN

Level 15

Really? Someone buys a $332,500 vehicle and never, ever drives it for personal use? My curiosity got the best of me again so I have to ask, what kind of business does your client own?

Slava Ukraini!

Just-Lisa-Now-

Intuit Community Champion

I had to go look and see what a 330k vehicle looks like....looks like he overpaid! LOL

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

BobKamman

Level 15

You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

abctax55

Level 15

And at the risk of being called rude, if one can afford that vehicle, one should be able to afford a tax pro that would already know the answer without relying on answers from anonymous folks on a public forum.

I do think I want one tho, it looks like it would be great in the snow.

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