How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Barbara Your Own Question
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 3795
Experience:  20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
71603090
Type Your Tax Question Here...
Barbara is online now
A new question is answered every 9 seconds

I bought 6 RVIA "park models" in 2015 for to use as rental

Customer Question

i bought 6 RVIA "park models" in 2015 for to use as rental units on my ranch. can i claim section IRS 179 depreciation on these?
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: You
i bought 6 RVIA "park models" in 2015 for to use as rental units on my ranch. can i claim section IRS 179 depreciation on these?
JA: Is there anything else important you think the Accountant should know?
Customer: unknown
Submitted: 2 months ago.
Category: Tax
Expert:  Barbara replied 2 months ago.

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

The RVIA "park models" you describe are clearly tangible personal property which makes it eligible property unless it is covered under property that does not qualify. Publication 946 explains property that does not qualify.

My points of reference are:

https://www.irs.gov/pub/irs-pdf/p946.pdf

http://blog.oregonlive.com/taxes/2011/03/is_my_motor_home_section_179_e.html

Please let me know if I can assist you further.

Thank you and best regards,

Barb

Expert:  Barbara replied 2 months ago.

Just following up with you to see if you have any other questions. If so, please let me know so I can further assist you.