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Clients have a partnership, filing form 1065. Use a pickup truck 100% for business use but not owned by partnership. Can the truck be depreciated on the 1065?

woodchelle
Level 2
 
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IRonMaN
Level 15

You can deduct anything you want -------------------------- right up to the point that the IRS audit is completed.  It is used 100%, not 95% or even 99.9% for business?  If it used being used that much for business, is there a reason they haven't just transferred ownership of the truck into the business?


Slava Ukraini!

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IRonMaN
Level 15

You can deduct anything you want -------------------------- right up to the point that the IRS audit is completed.  It is used 100%, not 95% or even 99.9% for business?  If it used being used that much for business, is there a reason they haven't just transferred ownership of the truck into the business?


Slava Ukraini!
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