Vehicle Owned By Two Parties

[Kurly]

Husband and Wife have joint title to vehicle. Vehicle purchased new 2010. Is it feasible to take 25% of cost etc. on wife's business and 75% of cost etc.on husband's business. This would include depreciation and Sec 179 prorated also. The vehicle is used 100% for business purposes. The two business are very dissimilar as to types of business. Construction vs Real Estate Sales.

Kurly

[Gretel]

I don't see anything that would prevent this as long as log books support this allocation. Just watch out not to exceed automobile depreciation limits.