Hi Mark! Am I buying or leasing my new truck this year? You used to have me lease. When I Swapped both of by vehicles 4 years ago, you had me buy & depreciate. Should I be buying or leasing my new vehicles this year? Thank you thank you!! You have saved me so much money over the years.... Made me so much money over the years.... Yes, I've been following you for 15 years as of this September!! Thank you for always being in my corner. You're 1 of the best things that ever happened in my business!!😅
@DimitriZen
2 ай бұрын
Hi, if the RV is listed on a RV rental site, for fair market rate, etc. Will it have to be rented for a minimum amount per year or else the IRS would disallow? and i assume eventually you will need to actually produce a profit?
@DimitriZen
2 ай бұрын
if you take a trip with an RV for business, can you take an allowance for lodging since you would be sleeping in RV and not a hotel?
@joshmazariegos5170
7 ай бұрын
I have my trailer for rent on Outdoorsy almost year round. Sometimes I have the dates blocked out if I’m unavailable or out of town. Do the dates I have blocked off count against the 365 days that it’s up for rent? Thank you for you time!
@Workamper
Жыл бұрын
Thanks so much for the shout out, Mark! We appreciate you, and for always sharing such helpful info!
@brendalogan6281
Жыл бұрын
Mark...I am 74. Owned a Class C RV for a couple yrs working full time remote. I loved it but had to sell after medical event during Covid. I want to go back next year full time in an RV.Plan to learn how to do youtube video and then market to retirement communities to show for folks who can't travel. I will have a TX domicile...no sticks and bricks. Currently rent. I also want to be able to do 1099 work in my own time schedule. I already know where to get that kind of work. I need your help with information on setting app the 1099 for taxes and filing my taxes. And of course, finding out what and how specifically I can write off. Are you able to be hired?
@gibsonbeautelus9784
6 ай бұрын
You know what Mark disregard what I just someone can donate a rv and they can write it off since I'm a 501c3 . So basically I want to avoid buying a lot and property cause real estate cost is out of control and I rather use majority of the money trying to create a eco biodegradable land so I can make a business the less waste the better
@BretWickstrom
10 ай бұрын
How do you calculate the % of use if you buy the vehicle at the end of the year, say Dec 1st? Do you have to make that calculation on the % of days avallble for the remainder of the year, meaning you ?only get 31 days and if you want 100% write off you'd have to make if available for the whole year or you'd only be able to write of 31 of the 365 days?
@ColemanAAA
Жыл бұрын
Mark - great video. Around the 15min mark, you touch on the denominator of “available for use” as opposed to actual days rented out. Is this a discrepancy between whether you have a Schedule E business or an active Schedule C business? I can’t seem to find any verification other than your video, so any nod to tax code that defines this would be incredibly useful. Thanks!
@amerchiro11
Жыл бұрын
I use my camper as a business office parked behind my physical office instead of building an addition. Is this good? I may move into it later and rent my house. What should I do??
@dww1213
Жыл бұрын
Thanks for the Turo mention. I may rent ny SUV imstead of trading it in when I purchase my RV.
@tacticalwealth3740
7 ай бұрын
A Like, a comment and subscribed for LIFE!
@gibsonbeautelus9784
6 ай бұрын
Your great by the way.Heres my question I'm going into agriculture and have about to reinstate my 501c3. Im gonna apply for agriculture grant but so hypothetically if I wanted to use the RV as home and work let's say there is no physical property on the land and want to use the RV for using has a business. Using it to hatch chicklimgs before sending them out when there mature enough to graze then use ito grow vegetables and raise clones before translaplantimg. Then since is the only vehicle I will have for work and travel can I write off the RV. So basically the RV will be used vast majority time for work but if have the RV is being used because I can raise chickens so basically turning the RV intot farm. Thoughts or best way to write it off so can just buy land and utilize the RV as my office farm etc.
@gibsonbeautelus9784
6 ай бұрын
I'm in Florida btw
@lmnation9677
Жыл бұрын
Mark I'm a W2 earner, my llc owns a long term single family home and a condo rental. My W2 income limits my full potential for immediate tax benefits of active... If I purchased an RV for full time outdoorsy rental does that unlock the short term rental tax benefits? In addition to the RV write off options?
@MarkJKohler
Жыл бұрын
To get your question answered, please submit it to podcast.mainstreetbusiness.com/ OR if you want to get set up with one of our amazing Tax Advisors to dive further into your questions, please head to markjkohler.com/tax-advisor-network/ - thank you!
@dww1213
Жыл бұрын
I heard you can write off RV as aecond home.
@FunnyVideosLover
Жыл бұрын
Working as an independent contractor in another state for extended periods (more than a month but less than a year), is it possible to use an RV or trailer for boarding and write off the expense instead of staying in a hotel ?
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