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#112185 - 01/04/13 09:32 AM Tax Help!!!!
RADARB8 Offline
Full Throttle Member

Registered: 11/20/02
Posts: 2318
Loc: Beautiful NW Arkansas
OK, after 7 years and 151,000 miles of semi-faithful service I have finally convinced my wife to replace her Chrysler Town & Country minivan that she uses in her business. Now from all of you business owners, CPA's, or IRS peeps...what is the best way to go, depreciation or mileage of her new ride? We have used the mileage deduction for like 9 years but it is a pain and we are not driving the miles we use to so now we are wondering if it is time for a change. Input appreciated!!

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#112189 - 01/04/13 06:45 PM Re: Tax Help!!!! [Re: RADARB8]
Chewy Offline
Full Throttle Member

Registered: 04/06/03
Posts: 3287
Loc: North Augusta, SC
7 years in a minivan, THE HORROR!

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#112190 - 01/04/13 10:12 PM Re: Tax Help!!!! [Re: Chewy]
RADARB8 Offline
Full Throttle Member

Registered: 11/20/02
Posts: 2318
Loc: Beautiful NW Arkansas
Originally Posted By: Chewy
7 years in a minivan, THE HORROR!

No shit!!! At least I had options.

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#112290 - 01/28/13 01:52 AM Re: Tax Help!!!! [Re: RADARB8]
leadfoot Offline
Full Throttle Member

Registered: 07/31/01
Posts: 5086
Loc: Pennsylvania
Just gut but depreciation feels like the right way to go. Gotta be a CPA around here. Can you depreciate your way into a new Z06?
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SOLD MY C5 found my next one and it is a C6.

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