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Does anyone spend 225k just to drive 6 mos
#3

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:

[Image: 2021-Section-179-deduction-example.jpg]

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.
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Messages In This Thread
Does anyone spend 225k just to drive 6 mos - by rundlc - 12-09-2020, 09:46 AM
RE: Does anyone spend 225k just to drive 6 mos - by Richard - 12-09-2020, 09:50 AM
RE: Does anyone spend 225k just to drive 6 mos - by lelievre12 - 01-31-2021, 09:12 AM
RE: Does anyone spend 225k just to drive 6 mos - by smagown - 01-31-2021, 10:23 AM
RE: Does anyone spend 225k just to drive 6 mos - by Chester Stone - 01-31-2021, 11:21 AM

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