@grahamvanhellsing I think it’s the reading comprehension that is shitty here.
A WORK truck is 100% right off. You can buy a brand new truck that’s over 6000LB, and 100% of can be expensed.
Once you buy that $100k Ford Raptor through your LLC, that’s the only vehicle you need. You don’t need a personal vehicle. You work in construction. You’re always working. It doesn’t matter if you’re driving to church, going to the grocery store, whatever, you’re still working.
To clarify:
1) Be a contractor.
2) Buy a new truck through the company.
3) Never own another vehicle or pay out of pocket for transportation again.
And to carry that further:
4) Pay yourself a reasonable salary.
5) put everything in the company.
6) Never pay a utility bill again.
7) Every meal is a business expense.
8) Everything you buy for your house is a business expense.
9) Tax time, turn that $400k in taxable income into $2k you owe the IRS and walk away.
20 years, this has worked just fine for my father.