Justifying the purchase of a $150k SUV by saying you "need depreciation" is wild.
You're still spending $150k - upfront or financed. That money is still leaving your bank account.
It's not the crazy tax hack you think it is.
And when you sell it and have to pay depreciation recapture Uncle Sam will be waiting.
@meg_blair_ack By design 10% or less of our clients think it is merely a compliance task. Although we produce tax ready books, our goal is to provide actionable financial data in real time to our clients