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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?

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woodchelle
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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?

Wile E's Tax Prep, Emergency Brain Surgery, and Used Tire Shop - Nobody does it cheaper! Call 8675309 for an appointment today - or tomorrow, we aren't that busy.

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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?

Wile E's Tax Prep, Emergency Brain Surgery, and Used Tire Shop - Nobody does it cheaper! Call 8675309 for an appointment today - or tomorrow, we aren't that busy.

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