All Forum Posts by: Elisabeth Cooke

Does the 10,000$ SALT deduction under the new tax laws include personal property taxes for rental properties or not?

Thank you and Merry Christmas

Thank you for the replles, Brandon and Cameron.  The information you have given about 179 and SUV's is very useful. 

Regarding the "recapture" during the sale of the Section 179 purchased vehicle, I read the vehicle could be gifted after a period of two years.  The person who receives the gifted vehicle could then sell it without the "recapture" component.  Is that true?

Hello BP forum and thanks in advance for your expertise and insight into our question.

We have 2 rental properties, one of which is undergoing renovations with my wife as the project manager. We spend about 20 hrs/week between actively managing our properties and researching other RE opportunities.

My question is: Even though real estate generally doesn't qualify for a section 179 deduction, could we buy a qualifying SUV under section 179?