Watch This Before You Buy a Luxury SUV for Tax Write-Offs

Описание: There are many “experts” on social media giving tax advice that could get you into serious trouble with the IRS, so let me clarify a few things.

Buying an SUV through a business sounds sexy, and it definitely has its perks.

You can write off expenses related to the vehicle, such as gas, maintenance, mileage, and more.
However, this only works if you actually use the vehicle for business purposes.

If you use it personally, you risk losing those tax advantages, especially the 100% bonus depreciation.

But here’s my honest take: instead of starting with luxury vehicles, start by acquiring income-producing assets first.
For me, that’s credit card machines.

Not sexy. Not flashy. But they deposit money into my account every single day, even while I’m sleeping.
Every time a customer swipes their credit card, I earn a small percentage of that transaction.

To give you an example…

I recently placed one of my machines in an auto shop.
They process about $100,000 per month in credit card sales, and I earn a 1% commission on every transaction.
That’s $1,000 per month in passive income from just one location.

And I currently have 83 locations in total!!

I talk more about it in our FREE Skool Community.

Join here: https://www.skool.com/cashswipe/

(Disclaimer: This content is for educational and informational purposes only and is not intended as legal, tax, or financial advice. Always consult a licensed CPA or tax professional regarding your specific situation before making any financial decisions.)