01-31-2021, 09:12 AM
The main reason folks would sell quickly is for tax purposes. If the coach is used as a business tool then it can be mostly depreciated in Year 1 under Section 179 expensing. So if you are trying to shelter lots of income (nice problem) then buying and selling RV's makes sense.
If works like this:
So your $1.15M coach only 'costs' you $747.5K. And if you can sell that coach again after 1 year for $1 million you just made a $250K profit. All care of Uncle Sam.
If works like this:
So your $1.15M coach only 'costs' you $747.5K. And if you can sell that coach again after 1 year for $1 million you just made a $250K profit. All care of Uncle Sam.
#751
Taking the winding road.