asked

I am self-employed and interested in taking advantage of Section 179 and/or depreciation on a vehicle to reduce my 2022 tax burden. I use the vehicle for multiple business purposes, including as a DJ for transporting sound equipment, impressing high-net-worth clients by driving a luxury sports car at local racing events, and generating car title loan lead referral income. How can I legally maximize deductions for these business uses?

July 9th, 2024

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